Iraq's domestic debt is expected to rise to 81 trillion dinars in 2024.
The Central Bank of Iraq announced on Monday an increase in domestic debt, while also noting a decline in foreign reserves for 2024.
The bank stated in its report on monetary and financial indicators in Iraq, which was reviewed by the Iraq Observer, that "the Central Bank's net foreign reserves for 2024 amounted to 130.81 trillion dinars, a decrease of 10.18% compared to the same period in 2023, when they amounted to 145.64 trillion dinars."
He added, "The reason for the decline in foreign reserves is the rise in domestic public debt, which is needed to cover the real deficit in the state's general budget."
The report indicated that "Iraq's domestic public debt increased by 17.70% to reach 83.05 trillion dinars in 2024, compared to 70.56 trillion dinars in 2023." link
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