these days, Wednesday, financial professional Sadiq Al-Rikabi expected that the Iraqi economic system would be negatively affected at some stage in the coming period and the fee of the dinar might decline due to the political and economic changes that the world is witnessing.
Al-Rikabi said in an interview with dinaropinions.com, “Iraq is in an unenviable financial situation in mild of the predicted decline in oil fees. america will depend on its oil, and the industry in China has declined fantastically and no longer depends in most cases on oil. in addition, the predicted development in relations among Washington and Moscow will permit Russian oil to go back to global markets.”
He delivered that “Iraq’s failure to diversify its resources of earnings and its reliance on a rentier financial system and fixing the price of a barrel of oil at $70 inside the financial finances will lead to a larger deficit and could affect salaries in addition to the fee of the dinar.”
these days, Iraqi officers showed that the turbulent political and safety situation within the vicinity, because of the Zionist aggression on Gaza and Lebanon and its repercussions, at once impacts the Iraqi economy.
