Abu al-Ra’idain preps for oil crisis
The Prime Minister's financial advisor, Mazhar Muhammad Salih, confirmed that reliance on oil is no longer a safe option for Iraq due to sharp fluctuations in its prices. This makes public finances and exchange rates vulnerable to shocks from the global market. He pointed out that this situation necessitates transitioning to a diverse and sustainable economy that depends on the production of various sectors to ensure economic stability in the future.
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