CNN: Iraqi economy (strong), despite what the country is passing through

Posted: January 28, 2014 in Iraqi Dinar/Politics

BAGHDAD – A New World
Tuesday January 28, 2014
While continuing battles between the army and fighters of the Islamic State in Iraq and the Levant (Daash), especially in Anbar province, and its implications on the economy and the attractiveness of the country for investors, hence shed light on the economic side of Iraq, which, according to official figures is “strong.”

On the surface of the individual might say that the Iraqi economy is heavily influenced as a result of events in the country, but in truth, since the fall of Saddam Hussein’s regime more than 10 years has been the lifting of sanctions on the country simultaneously with the lifting of oil production rates are proportional.

According to Kelly Stilma, a minimum of Company Consulting, the “about 99.5 per cent of government revenue comes from oil, and the revenue that entered the country during the year 2013 amounted to between 89 and 90 billion dollars.”

He Stilma in comments to CNN that “Iraq exports about 2.5 million barrels of oil per day .. In this sense, and for us as consultants, these figures are considered a solid foundation,” pointing out that the current events in Iraq may worry some investors, but that parliamentary elections expected in April the next may push for a change.

Growth prospects in Iraq shed light on the robustness of the economy, since, according to IMF figures, it is expected that it will make Iraq a growth rate of 6 per cent, a rate which is twice the rate of global growth, but experts point out that corruption was an obstacle in the way of achieving This growth.


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