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Podcast: My FX Buddies
Episode: Beyond Oil: Iraq’s Struggle for a Balanced Economy
Description: Iraq’s economy faces a critical test. For decades, oil revenues link to My FX Buddies bloghave carried the country, but experts warn that this rentier system is unsustainable — especially when liquidity dries up and imports outweigh exports.Parliament members and economic experts argue Iraq must urgently:Diversify revenue streams beyond oilStrengthen tax, customs, and insurance sectorsInvest in human capital and local laborSupport and regulate the private sectorReduce excessive imports and encourage domestic productionAt the same...