Economist: Iraq enjoys financial stability thanks to the Central Bank’s reserves.
Economist: Iraq enjoys financial stability thanks to the Central Bank’s reserves.
9-3-2025
Al-Maalouma/Exclusive:
Economic advisor, Mazhar Mohammed Saleh, confirmed on Wednesday that financial stability in Iraq is solid, and no worrying indicators have yet emerged, despite the external challenges and geopolitical shocks facing the world.
Saleh told Al-Maalouma that “financial concerns are mainly due to the repercussions of external shocks such as trade wars and energy price fluctuations, but Iraq has proven its resilience thanks to the Central Bank’s foreign currency reserves.”
He added that “monetary policy plays a pivotal role in stimulating the domestic financing market and supporting public liquidity, ensuring the implementation of government development programs and infrastructure projects, which is directly reflected in stimulating the labor market and enhancing economic activity.”
He pointed out that “the strong coordination between fiscal and monetary policies dispels any fears of recession and even enhances the sustainability of economic stability, in light of low inflation and unemployment rates, high growth rates, and the launch of the social market strategy that balances protecting livelihoods and supporting investment and reconstruction.”
almaalomah.me
