Iraq "Drains $16bn from Reserves after Oil Revenues Slump"

By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

Iraq Drains $16bn from Reserves after Oil Revenues Slump

Iraq's foreign-currency reserves fell by nearly $16 billion in four months this year as the government tapped them to pay civil servants.

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