Iraq has officially begun implementing the IMF-backed White ⁠link to My FX Buddies Blog ⁠ Paper reforms, a move that economists warn will bring major social and financial pressure, especially on low- and middle-income citizens.

Economist Nabil Al-Marsoumi explains that the White Paper is not just a plan — it is already underway, and we are seeing the early signs: 📈 Rising dollar exchange rate 💰 Salary reductions & hiring freezes 🛒 Cuts to food subsidies and ration support 🏭 Privatization of state-owned enterprises ⚡ Energy and fuel price increases 📉 Removal of government support across key sectors These measures, driven by the IMF and World Bank, aim to correct years of macroeconomic ...