<p>Iraqi Prime Minister Mustafa al-Kadhimi appointed Mustafa Ghaleb as central bank governor, state news agency INA said on Monday.</p>.<p>INA did not provide further details.</p>.<p>Iraq's economy and oil sector were battered by years of wars, sanctions and a stubborn Islamist insurgency triggered by the US invasion.</p>.<p>Iraq relies on oil to fund 97% of its state budget. Iraqi Finance Minister Ali Allawi told parliament last week that reforming Iraq's economy would take five years of work and that state debt amounted to 80-90% of national product, while foreign debt was at $133 billion.</p>
<p>Iraqi Prime Minister Mustafa al-Kadhimi appointed Mustafa Ghaleb as central bank governor, state news agency INA said on Monday.</p>.<p>INA did not provide further details.</p>.<p>Iraq's economy and oil sector were battered by years of wars, sanctions and a stubborn Islamist insurgency triggered by the US invasion.</p>.<p>Iraq relies on oil to fund 97% of its state budget. Iraqi Finance Minister Ali Allawi told parliament last week that reforming Iraq's economy would take five years of work and that state debt amounted to 80-90% of national product, while foreign debt was at $133 billion.</p>