Member of the Finance Committee in the Iraqi parliament, Massoud Haider revealed on Friday that Iraq's foreign debt exceeded $112 billion during the current year.
Haider pointed out that about 42% of the
country's foreign debt belongs to the Gulf countries, adding that another amount
of the debt belongs to the Paris Club, which has already exempted Iraq from paying
80% of it.
He added that ISIS terrorist group affected the
Iraqi economy, in addition to the destruction of the country's infrastructure.
Haider noted that the Iraqi cash reserves are
amounted at 50 billion dollars, which is considered to be a positive and
reassuring situation to cover the cash circulating in the domestic market.
