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The Ukrainian war boosts the growth of the "currency basket" in Iraq by 10%
Tammuz 13 18:34
Information / Diyala ..
The Chambers of Commerce confirmed, on Thursday, that the Ukrainian war boosted the growth of the currency basket in Iraq by 10%.
The head of the Chambers of Commerce in Diyala, Muhammad al-Tamimi, said in an interview with Al-Maalouma, that
"the US dollar was important to the foreign trade sector in Iraq by 99%, with more than 100 countries being contacted for import in various fields." He added,
"The Ukrainian war, the results of the sanctions, and the use of the dollar as a means of pressure by Washington gave an important reaction in that the dollar is an unsafe currency,
so Iraqi merchants began relying on a variety of foreign currencies to pay the costs, whether from China or others." He pointed out that
"the basket of diversified currencies for any merchants began to rise to 10%, and
it is constantly on the rise, especially since obtaining currencies is not difficult compared to the dollar and its challenges."
And many countries began to gradually abandon the US dollar in their foreign trade and use other currencies, including the Chinese yuan. 25 p.m. ended
https://almaalomah.me/news/economy/الحرب-الاوكرانية-تعزز-نمو-سلة-العملات-في-العراق-بنسبة-10
Tammuz 13 18:34
Information / Diyala ..
The Chambers of Commerce confirmed, on Thursday, that the Ukrainian war boosted the growth of the currency basket in Iraq by 10%.
The head of the Chambers of Commerce in Diyala, Muhammad al-Tamimi, said in an interview with Al-Maalouma, that
"the US dollar was important to the foreign trade sector in Iraq by 99%, with more than 100 countries being contacted for import in various fields." He added,
"The Ukrainian war, the results of the sanctions, and the use of the dollar as a means of pressure by Washington gave an important reaction in that the dollar is an unsafe currency,
so Iraqi merchants began relying on a variety of foreign currencies to pay the costs, whether from China or others." He pointed out that
"the basket of diversified currencies for any merchants began to rise to 10%, and
it is constantly on the rise, especially since obtaining currencies is not difficult compared to the dollar and its challenges."
And many countries began to gradually abandon the US dollar in their foreign trade and use other currencies, including the Chinese yuan. 25 p.m. ended
https://almaalomah.me/news/economy/الحرب-الاوكرانية-تعزز-نمو-سلة-العملات-في-العراق-بنسبة-10
