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Jan 17 2012
Economists: To Rid the National Currency of the Dominance of Important Currencies of Neighboring Countries to Achieve Economic Stability
Iraq’s economy has become vulnerable to regional shocks and fluctuations in exchange rates of currencies of neighboring countries like Iran and Syria against the U.S. dollar because it will reflect negatively on the economy of the local market in terms of commodity prices, because most of them imported.
As advised economists need to work on the development of all economic sectors to spare the Iraqi economy, regional and external variables.
The decision of the Finance Committee MP / coalition in Iraq / Ahmed electrodes (of the Agency news): The trade between Iraq and Iran, a large and any impact affects the Iranian currency or the Iranian economy will affect the process of trade and commodity prices in local markets that most of them imported from Iran .
He pointed to: that the U.S. dollar exchange rate has a significant impact on the economies of the world and on the movement of trade exchanges, both when the price goes up or down, and continued, that the deterioration in the Iranian currency will affect the Iraqi economy.
He added: There are several signs warning of high exchange rate of U.S. dollar against Iranian currency, most notably the threat of international imposing an economic embargo on Iran, and perhaps boycott of Iranian oil in world markets, noting that Iraq can not begin to interfere with the Iranian issue to emerge from the economic crisis imposed Thus, just as Iraq wants Iran not to interfere in its internal affairs.
For his part, said the deputy governor of the Central Bank of the appearance of Mohammed Saleh (agency news): that the fiscal changes taking place in the exchange rate of the currency of Iranian towards the U.S. currency will affect the Iraqi economy, particularly the financial sector, because the price of Iranian goods will rise to some extent in the domestic markets due to the deterioration of the currency of Iran.
He explained: The deterioration of the exchange rate of currencies with the faster deterioration of commodity prices, in other words, the currency exchange rate is affected directly, while commodity prices take time to adjust to the rise or decline of the exchange rate.
He pointed out: that the problems and economic crises taking place in Syria and Iran will affect the Iraqi economy in terms of commercial exchanges and the large import of goods from these two neighboring countries.
Revealed: the world economy, there is a term called “beggar thy neighbor” mean that the economic crises that occur in one of the neighboring countries will give negative results on the economy of the country next to it, especially on the financial sector that money is moving significantly, stressing that regional security and economic stability is very necessary to neighboring countries in order not to affect one over the other.
In his view, economic analyst for the gentle Abdul Salem Ugaili: The variables that get in the exchange rates of currencies of neighboring countries of Iraq to the U.S. dollar will affect the trade of Iraq because Iraq is supported Bastiradath foreign countries adjacent, in addition to the absence of commodity products local commodities being in the market Iraqi, mostly imported, stating that Iraq does not have anything issued abroad but oil, which led to the influence of any economic change occurring in the neighboring countries or the world.
He Ugaili (of the Agency news): The process of low exchange rate of Iranian rial against the U.S. dollar will impact directly on the Iraqi economy as a result of idle Alqtaat Iraq’s economic, in addition to the absence of other exports to Iraq other than oil, these differences in the currency will lead to the Artha prices of Iranian goods Although it is poor and not in conformity with the specifications.
And he continued that Iraq has a large trade with Iran and most of the goods in the domestic market decline in the price of an Iranian origin Iranian Rial against the U.S. dollar would increase the price of Iranian goods in local markets.
The exchange rate of the Iranian currency has declined against the U.S. dollar as a result of the economic embargo on Iran by the United Nations.
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Economists: To Rid the National Currency of the Dominance of Important Currencies of Neighboring Countries to Achieve Economic Stability
Iraq’s economy has become vulnerable to regional shocks and fluctuations in exchange rates of currencies of neighboring countries like Iran and Syria against the U.S. dollar because it will reflect negatively on the economy of the local market in terms of commodity prices, because most of them imported.
As advised economists need to work on the development of all economic sectors to spare the Iraqi economy, regional and external variables.
The decision of the Finance Committee MP / coalition in Iraq / Ahmed electrodes (of the Agency news): The trade between Iraq and Iran, a large and any impact affects the Iranian currency or the Iranian economy will affect the process of trade and commodity prices in local markets that most of them imported from Iran .
He pointed to: that the U.S. dollar exchange rate has a significant impact on the economies of the world and on the movement of trade exchanges, both when the price goes up or down, and continued, that the deterioration in the Iranian currency will affect the Iraqi economy.
He added: There are several signs warning of high exchange rate of U.S. dollar against Iranian currency, most notably the threat of international imposing an economic embargo on Iran, and perhaps boycott of Iranian oil in world markets, noting that Iraq can not begin to interfere with the Iranian issue to emerge from the economic crisis imposed Thus, just as Iraq wants Iran not to interfere in its internal affairs.
For his part, said the deputy governor of the Central Bank of the appearance of Mohammed Saleh (agency news): that the fiscal changes taking place in the exchange rate of the currency of Iranian towards the U.S. currency will affect the Iraqi economy, particularly the financial sector, because the price of Iranian goods will rise to some extent in the domestic markets due to the deterioration of the currency of Iran.
He explained: The deterioration of the exchange rate of currencies with the faster deterioration of commodity prices, in other words, the currency exchange rate is affected directly, while commodity prices take time to adjust to the rise or decline of the exchange rate.
He pointed out: that the problems and economic crises taking place in Syria and Iran will affect the Iraqi economy in terms of commercial exchanges and the large import of goods from these two neighboring countries.
Revealed: the world economy, there is a term called “beggar thy neighbor” mean that the economic crises that occur in one of the neighboring countries will give negative results on the economy of the country next to it, especially on the financial sector that money is moving significantly, stressing that regional security and economic stability is very necessary to neighboring countries in order not to affect one over the other.
In his view, economic analyst for the gentle Abdul Salem Ugaili: The variables that get in the exchange rates of currencies of neighboring countries of Iraq to the U.S. dollar will affect the trade of Iraq because Iraq is supported Bastiradath foreign countries adjacent, in addition to the absence of commodity products local commodities being in the market Iraqi, mostly imported, stating that Iraq does not have anything issued abroad but oil, which led to the influence of any economic change occurring in the neighboring countries or the world.
He Ugaili (of the Agency news): The process of low exchange rate of Iranian rial against the U.S. dollar will impact directly on the Iraqi economy as a result of idle Alqtaat Iraq’s economic, in addition to the absence of other exports to Iraq other than oil, these differences in the currency will lead to the Artha prices of Iranian goods Although it is poor and not in conformity with the specifications.
And he continued that Iraq has a large trade with Iran and most of the goods in the domestic market decline in the price of an Iranian origin Iranian Rial against the U.S. dollar would increase the price of Iranian goods in local markets.
The exchange rate of the Iranian currency has declined against the U.S. dollar as a result of the economic embargo on Iran by the United Nations.
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