Iraq is Still Losing 150 Million Dollars per Day

Iraqi Dinar 123 News: – On Saturday, a famous economic expert said that Iraq is losing more than 150 dollars per day. The main reason behind this factor is that Iraqi government is focusing to reinforce the Iraqi private sector and unwanted increase in imports. He also stressed that there is a must need for the Iraqi government to overcome the Iraqi economic crisis. The Iraqi economy needs improvement in its oil exports and Iraqi oil wells producing more than 3 million barrels per day.

The economic structure needs improvements in industrial, agricultural and tourism sectors. It would provide more help to the Iraqi economy because Iraqi economy is still relying on its oil exports. The downfall in the global oil prices reflected negative impacts on the Iraqi economy, but the new Iraqi government is trying very hard to support the Iraqi private sectors. He also pointed out that Iraq should control its unnecessary imports to get out from these economic problems.

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