Iraq’s external public debt drops to $20 bln -INA

A man counts wads of U.S. dollars on a money counting machine at a currency exchange shop in Baghdad

Iraq’s external public debt has fallen to $20 billion, the state news agency (INA) reported on Saturday, citing the prime minister’s adviser for financial affairs.

Iraq’s foreign debt was $133 billion in September 2020.Iraq, which relies on oil to fund 95% of its 2021 national budget, plans to increase oil exports to 3.4 million barrels per day in the first quarter of 2022. S8N2QO03I

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