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Iraqi optimism about economic gains after exiting from Chapter VII

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https://www-independentarabia-com.translate.goog/node/306716/اقتصاد/أخبار-وتقارير-اقتصادية/تفاؤل-عراقي-بمكاسب-اقتصادية-بعد-الخروج-من-البند-السابع

Iraqi optimism about economic gains after exiting from Chapter VII


Baghdad is looking to strengthen its position after ending the Kuwait compensation file

Muayyad Al-Terfi is an Iraqi reporter    Friday 25 February 2022 10:42

...

Jabr indicated that Iraq's fulfillment of its obligations to Kuwait's compensation and its exit from the penalty of the seventh country will mean a better future for relations with the countries of the world, in which there is a kind of equality and mutual respect,

pointing out that this matter opens wide doors for investment and the development of Iraq's international status

...

money that was placed in the Kuwait Compensation Fund can be invested inside Iraq, and this will be the responsibility of the government

...

Iraq will reap the fruits of ending its international obligations in liberalizing the restrictions of Iraqi banks. From the cause of the seventh item

...

Iraq has debts estimated at $28 billion

...

Iraq’s exit from the seventh item will have clear results In the recovery of the banking sector after the lifting of sanctions on this sector,

which will lead to the stability of the monetary situation, especially in light of the high reserves and banking transactions with foreign banks

...

dealing with these banks will be easier, which will contribute to the development of the banking sector, and thus the development of the economic sector

...

assets of the Central Bank of Iraq until the end of 2021, according to a report by the bank, amounted to more than 150 trillion Iraqi dinars, up to (100 billion dollars),

including the cash reserve, which amounted to about 64 billion dollars, an increase of 19 percent compared to the end of 2020.

The highest central bank since 2005, rising from 30 trillion Iraqi dinars in 2005 to 150 trillion Iraqi dinars at the end of 2021.

...

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