Iraq's forex reserves to exceed $90 billion by the end of 2022, Finance Minister says
2022-05-25T11:50:33+00:00
Shafaq News/ Iraq's currency reserves are expected to exceed $90 billion by the end of the year, from $70 billion in April, propped up by higher oil prices, the state news agency INA cited Finance Minister Ali Abdul-Amir Allawi as saying on Wednesday.
The country's foreign currency reserves had dropped to an "alarming" level in 2020, he said, when the COVID-19 pandemic had caused oil prices to collapse.
