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: $13 billionInternal debt: 91 trillion Iraqi dinarsMuch of the internal debt is owed to state-owned banks, meaning it can be restructured through government agreements.Debt itself is not harmful if it funds investment (infrastructure, growth, income-producing sectors).If you'd like to Support the channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... ⁠ a FREE transcript at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://rss.com/podcasts/myfxbuddies⁠....But Iraq has been borrowing mainly for operational spending — consumption, not production — creating future obligations without generating new revenue.1️⃣ Diversify Non-Oil RevenuesIraq cannot rely on oil alone. Taxes, fees, trade, and local industries must be strengthened.2️⃣ Increase Domestic & Foreign InvestmentsProductive investments generate income, jobs, and long-term stability.3️⃣ Partner with the Private SectorA stronger private sector reduces the load on the government and helps shift the economy away from oil dependence.The Central Bank says no, not at the moment — especially because internal debt can be handled internally through government-owned banks.But continuing the same pattern?That would be a major warning signal.Iraq must move from a rentier (oil-only) economy to a diversified, productive economy — or debt dependency will become a long-term burden.📌 Key Numbers:📌 What’s the Real Problem?📌 CBI’s 3 Solutions to Address the Debt:📌 Is the Debt Dangerous?📌 The Big Takeaway: Iraq must move from a rentier (oil-only) economy to a diversified, productive economy — or debt dependency will become a long-term burden.✨ Reset Naturally — Grab the Holiday Helper Plan 🎁⁠https://buymeacoffee.com/tishwash/e/4...

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