The Iraqi currency reserves are expected to exceed $90 billion by the end of the year
The Iraqi currency reserves are expected to exceed $90 billion by the end of the year
2022-05-25 04:16
Shafaq News/ The Iraqi Finance Minister Ali Allawi expected on Wednesday that the Iraqi currency reserves would exceed $90 billion by the end of the year.
Allawi said in a press statement that “Iraq’s currency reserves are expected to exceed $90 billion by the end of the year, from $70 billion in April, supported by high oil prices.”
He added, “The country’s foreign exchange reserves fell to an “alarming” level in 2020, when the Covid pandemic caused oil prices to collapse.
shafaq.com
