Revealing The Cause Of The Economic Recession In Iraq And The Dollar's Connection To It

  Revealing The Cause Of The Economic Recession In Iraq And The Dollar's Connection To It

 
Time: 2025/07/23 20:29:01 Reading: 930 Times
 {Economic: Al-Furat News} Economic researcher Ahmed Abd Rabbo    revealed that the decline in the dollar exchange rate in local markets,  although an indicator of economic and Iraqi dinar recovery,   comes amid an economic recession primarily due to the  failure to approve the budget and the   decline in oil prices.  Abd Rabbo warned, in a statement to {Al-Furat News}, that:
 
"The current recession is mainly caused by the failure to approve the budget and the  decline in oil prices,  which could significantly increase the fiscal deficit," warning that "the fiscal deficit could rise to  85 trillion Iraqi dinars, according to current indicators."  

Abdul Rabbo pointed out that  "there are significant efforts by monetary policy that  are not limited to the dollar exchange rate alone, but also include  supporting borrowing and  stimulating the market,
 
including the "Baghdad Pulse" initiative and others,  all of which aim to support the civilized image of the capital and the economy."

 He explained that "those who control the price of oil are external factors subject to wars and demand, and  therefore price fluctuations negatively impact Iraq." 

The economic researcher stressed that "maximizing non-oil revenues is something that must be achieved,"  expressing his "regret for the lack of a genuine will to support the country's   agricultural and    industrial sectors."  
  
https://alforatnews.iq/news/كشف-سبب-الركود-الاقتصادي-في-العراق-وصلة-الدولار-به