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Iraq has lost 150 billion dollars due to corruption, president says

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Corruption has cost Iraq 150 billion dollars smuggled abroad since 2003, said Iraqi President Bahram Salih on Sunday. Iraq is experiencing a deep economic crisis compounded by a fall in oil prices, the country’s main source of income, and the coronavirus pandemic. “The total value of Iraq’s crude oil exports since 2003 until now has exceeded 1,000 billion dollars, while the scale of corruption is estimated at 150 billion dollars smuggled abroad through deals,” Bahram said in a televised address without giving details. He proposed setting up an international anti-corruption alliance, patterned …

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