Economist: Iraq's financial situation is among the most prosperous years.
- Author
- Tish Washington
- Published
- Fri 31 Jan 2025
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/Economist-Iraqs-financial-situation-is-among-the-most-prosperous-years-e2u7ibi
Economist: The country's financial situation is among the most prosperous years
Economic expert Nabil Al-Marsoumi confirmed that “the country has large cash reserves, which are greater than 100 percent of the volume of the issued currency.”Al-Marsoumi promised in a statement seen by Al-Masry today, Thursday, that the percentage for a country like Iraq that maintains cash reserves equivalent to between 20 and 40 percent of the volume of the issued currency is positive, indicating that the financial situation is reassuring as it has exceeded 100 percent, and thus the cash reserves in the country are very large, pointing out the importance of the matter, as it represents a firewall in the face of crises that may occur, even if they are caused by a decrease in the price of oil.
