"Central Bank: $ 71 billion" the size of Iraqi debt

Tuesday, March 27 2018 at 12: 34 pm

Central

Baghdad / Sky Press

BAGHDAD (Reuters) - Iraqi central bank governor Ali al-Alak said yesterday that the Iraqi debt reached $ 71 billion, noting that Iraq's foreign debt is still within reasonable limits and has not reached the red zone.

"Iraq's external debt is still within reasonable limits and has notreached the red zone," al-Alak said in a statement received by Sky Press. "The current Iraqi debt is $ 71 billion, divided into $ 42 billion in domestic debt and $ 29 billion in foreign debt "He said.

He added that "some specialists add to the total debt amount of more than 40 billion dollars, a Gulf debt since the time of the previous regime and are pending and did not claim these countries."

On the other hand, he explained that "the subject of deleting zeros from the currency is ready but needs an environment suitable for its application to prevent manipulation and fraud by the owners of vulnerable souls."

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