Experts urge action on $93B import bill
The Iraqi Ministry of Trade announced that the country has sufficient strategic reserves of food supplies to ensure food security and prevent disruptions in the distribution of the ration card due to financial crises or regional fluctuations. However, economic experts clarified that the financial sector suffers from structural imbalances, as the import bill exceeds $93 billion and depletes foreign currency reserves. They are calling for decisions to domesticate production and reduce reliance on imports.
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