Warnings of the Repercussions of Political Interference in Iraq's Financial Policy

Economic researchers have strongly criticized the interference of ruling political powers in shaping Iraq's financial policy, effectively stripping the government of its authority to make independent economic decisions. According to sources, the government has been given the green light to borrow five billion dollars monthly from the Central Bank to cover operating expenses. This measure is considered a blatant violation of the Central Bank's independence, forcing it to directly finance the government, which threatens to drain the country's dollar reserves and weaken the bank's global financial position. Instead of resorting to controlling spending and reducing waste, the political establishment continues to impose policies that hinder reforms and prevent the government from correcting its mistakes.