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External and internal debts do not pose any risks to Iraq... except for one
Economy | Today, 23:33 |
Baghdad today - Baghdad
The specialist in financial and economic affairs, Nabil Jabbar Al-Tamimi, confirmed today, Wednesday (December 25, 2024), that external and internal debts do not pose any risks to Iraq. Al-Tamimi told "Baghdad Today",
"The total external and internal debt of Iraq amounted to approximately 96 trillion Iraqi dinars, of which 19.5 trillion dinars ($15 billion) are external debts,
the majority of which are for the benefit of low-interest international and foreign lending institutions, and
the remainder is approximately 77 trillion dinars in loans." Internal, most of which do not require payment and are around 52% for the benefit of the Central Bank, which financed the government in previous times through the issuance of cash through indirect financing methods via transfers. "Treasury." He stated,
"In other words, approximately 25 trillion dinars are internal loans payable in favor of commercial banks and national bonds, and
the remaining 52 trillion dinars are in favor of the Central Bank." The specialist in financial and economic affairs added,
"External and internal debts do not pose any risks to Iraq, with the exception of loans and debts related to the Iraqi-Chinese agreement.
The amount of interest on those debts or the guarantees provided is not known."
Foreign debts constituted a huge burden on Iraq's finances for decades, and
it began paying billions of dollars to a number of countries and organizations around the world as a result of the senseless wars fought by the former regime.
Today, under the government of Prime Minister Muhammad Shia al-Sudani,
the country began to breathe a sigh of relief after getting rid of the largest amount of foreign debts.
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Economy | Today, 23:33 |
Baghdad today - Baghdad
The specialist in financial and economic affairs, Nabil Jabbar Al-Tamimi, confirmed today, Wednesday (December 25, 2024), that external and internal debts do not pose any risks to Iraq. Al-Tamimi told "Baghdad Today",
"The total external and internal debt of Iraq amounted to approximately 96 trillion Iraqi dinars, of which 19.5 trillion dinars ($15 billion) are external debts,
the majority of which are for the benefit of low-interest international and foreign lending institutions, and
the remainder is approximately 77 trillion dinars in loans." Internal, most of which do not require payment and are around 52% for the benefit of the Central Bank, which financed the government in previous times through the issuance of cash through indirect financing methods via transfers. "Treasury." He stated,
"In other words, approximately 25 trillion dinars are internal loans payable in favor of commercial banks and national bonds, and
the remaining 52 trillion dinars are in favor of the Central Bank." The specialist in financial and economic affairs added,
"External and internal debts do not pose any risks to Iraq, with the exception of loans and debts related to the Iraqi-Chinese agreement.
The amount of interest on those debts or the guarantees provided is not known."
Foreign debts constituted a huge burden on Iraq's finances for decades, and
it began paying billions of dollars to a number of countries and organizations around the world as a result of the senseless wars fought by the former regime.
Today, under the government of Prime Minister Muhammad Shia al-Sudani,
the country began to breathe a sigh of relief after getting rid of the largest amount of foreign debts.
[You must be registered and logged in to see this link.]
