GOVERNMENT ADVISOR: WE HAVE A LARGE FINANCIAL SURPLUS ENOUGH FOR IRAQ TO COVER TWO YEARS OF IMPORTS, 15 MARCH

 GOVERNMENT ADVISOR: WE HAVE A LARGE FINANCIAL SURPLUS ENOUGH FOR IRAQ TO COVER TWO YEARS OF IMPORTS

Mohammed Al-Najjar, the Prime Minister’s Advisor for Investment Affairs, confirmed that the Central Bank has a large financial surplus sufficient for Iraq to cover two years of imports.

Al-Najjar said in the program “Under Two Lines,” broadcast on Al-Iraqiya News, followed by the Iraqi News Agency (INA), that “the US administration is dealing positively with Iraq, contrary to what is being circulated in the media,” noting that “there is a moderate discourse from the United States because the energy market cannot bear it.”

He added, “The Central Bank has a large financial surplus sufficient for Iraq to cover two years of imports,” stressing that “there are mechanisms that the Central Bank is working with the US Federal Reserve to structure.”

He pointed out that “the government is currently implementing the banking reforms agreed upon between Washington and Baghdad,” explaining that “everyone is trying to protect Iraq because it is not in their interest for Iraq to be exposed to any crisis.”

He continued, “The cost of reconstruction and bridges in the country does not exceed 12 trillion dinars.”