Article: “Iraq’s foreign reserves rise to a record high” Quote: “The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that foreign reserves are at their highest historical levels, helping to achieve economic balance and stability for the country. He also indicated that reserves still cover more than 100% of the currency in circulation…and enjoy a high commercial efficiency of more than 15 months of imports, compared to the global standard of three months.”
