Want to create an interactive transcript for this episode?
Podcast: My FX Buddies
Episode: CBI Reveals Iraq’s Debt Levels — And Issues a Warning Bell 🔔🇮🇶
Description: The Central Bank of Iraq has officially revealed the size of the My FX Buddies Blog country’s internal and external debts — and delivered a clear warning about the future if corrective steps aren’t taken.While Iraq’s debt levels are not currently dangerous, the Central Bank says the continued dependence on borrowing to fund operational spending (not investment) is a warning bell that must not be ignored.External debt: $13 billionInternal debt: 91 trillion Iraqi dinarsMuch of the internal debt is owed to state-owned banks, meaning...