The head of the Parliamentary Financial and Venture Board, Mohammed Radhi, warned Friday of the danger in the region and the development of its forces heading towards total war.
According to Radhi, “The financial situation in Iraq is very fragile and depends on the availability of oil and its revenues to be transformed into compensations and development strategies that serve the interests of the nation. This deteriorating situation will negatively affect Iraq from a monetary perspective, particularly in the case that oil trades will stop.”.
He added, “The Iraqi economy is imbalanced, and this poses a threat to the state’s condition, especially in light of the pressures the region is undergoing, which weaken the outbreak of war and the halt of oil exports.”
“The government must take steps and recalculate its accounts to avoid any emergency in the region,” he required.
