Expert: There is no need for external borrowing, and Iraq possesses a secure financial buffer.
Expert: There is no need for external borrowing, and Iraq possesses a secure financial buffer.
6-13-2026
Information / Baghdad…
Financial expert and former Central Bank board member, Ahmed Barihi, affirmed on Saturday Iraq’s ability to overcome the current financial crisis resulting from declining revenues, thanks to its sufficient cash reserves for extended periods.
Barihi told the Information Agency that “the significant decrease in oil exports due to the closure of the Strait of Hormuz has led to a sharp decline in the state treasury’s foreign revenues,” adding that “the country is capable of navigating this crisis successfully given the existence of a robust financial reserve that covers needs for a longer period.”
He further stated that “the government has no intention of resorting to external borrowing at present,” noting that “no official statement has been issued on this matter so far.”
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