currency transactions ensuring

Meanwhile, Iraq’s economy relies on oil revenues, which comprise 95 percent of Iraq’s federal budget and expose the country to market fluctuations. Iraq sells about 35 percent of its exports to China, making it vulnerable to China’s economic slowdown and Washington’s anti-China policies. The end of the dollar auction platform that monitored foreign currency transactions, ensuring compliance with international standards, will reshape the financial landscape, potentially leading to increased activity in the black market and challenges in currency management. Despite some economic growth, non-oil sectors are struggling, and inflation is expected to rise slightly to 3.5 percent due to financial pressures and internal economic challenges. In its effort to diversify the economy and relieve pressure on the federal budget, Baghdad aims to limit the public sector to 1-2 percent of the private sector in the next decade. สล็อต