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Iraqi economists analyze the implications of U.S. indebtedness
The New York Stock Exchange
27.07.2011 27.07.2011
Mohammad Karim
Raises the debt crisis exacerbated by the U.S. government over 14 trillion dollars and the consequences of an impaired ability to raise the attention paid economists Iraqis about the possible negative impact on the local economy.
." In his analysis of these implications, said adviser to the CBI the appearance of Mohammed Saleh told Radio Free Iraq that "the occurrence of Iraq within the dollar zone, which constitutes 87% of the volume of trade payments and more than 60% of the total cash reserves of the countries 99% of the value of Iraqi imports from the sale of crude oil, "which in its market based on a calendar basis of sales prices of crude oil in dollars," making the national economy in any wind blown economic crisis plaguing the U.S. currency. "
. He added that the rise in the overall volume of U.S. government debt to nearly the total volume of gross domestic product of U.S. public and $ 15 trillion a year, "many of the difficult process of addressing the debt if it is almost impossible," as he put it.
." But Saleh expressed optimism that the U.S. administration can prevent the timely exit of its debt crisis of control, because this is "a sovereign risks and the strategy for the future of the United States as well as the international community is quick to help address the crisis because it threatens the economy as a whole."
." In further analysis, economists warned Iraqis that "there is no before the Iraqi government in the short or medium of any effective solutions to reduce the negative effects of acute aggravation of the debt crisis the U.S. on the national economy if not addressed within the United States and within the time limit is possible for this treatment. "
." In this regard, he noted professor of economics Mustansiriya University Dr. Abd al-Rahman al-Mashhadani, that "the collapse of the dollar likely will, when they occur automatically to the collapse of the value of sales of Iraqi crude oil, and upon which the state budget by at least 99%" not to mention the link state the total for Iraq's economic dealings since 2003 and so far the U.S. dollar. "
. For his part, called economic expert, Dr. Hilal Al-Taan Iraqi authorities to "accelerate the transfer of as much as possible from Iraqi cash reserves to a basket of other foreign currencies such as the euro and the pound sterling" in order to reduce the potential negative effects for the continuation of U.S. government debt crisis on the economy of the country.
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The New York Stock Exchange
27.07.2011 27.07.2011
Mohammad Karim
Raises the debt crisis exacerbated by the U.S. government over 14 trillion dollars and the consequences of an impaired ability to raise the attention paid economists Iraqis about the possible negative impact on the local economy.
." In his analysis of these implications, said adviser to the CBI the appearance of Mohammed Saleh told Radio Free Iraq that "the occurrence of Iraq within the dollar zone, which constitutes 87% of the volume of trade payments and more than 60% of the total cash reserves of the countries 99% of the value of Iraqi imports from the sale of crude oil, "which in its market based on a calendar basis of sales prices of crude oil in dollars," making the national economy in any wind blown economic crisis plaguing the U.S. currency. "
. He added that the rise in the overall volume of U.S. government debt to nearly the total volume of gross domestic product of U.S. public and $ 15 trillion a year, "many of the difficult process of addressing the debt if it is almost impossible," as he put it.
." But Saleh expressed optimism that the U.S. administration can prevent the timely exit of its debt crisis of control, because this is "a sovereign risks and the strategy for the future of the United States as well as the international community is quick to help address the crisis because it threatens the economy as a whole."
." In further analysis, economists warned Iraqis that "there is no before the Iraqi government in the short or medium of any effective solutions to reduce the negative effects of acute aggravation of the debt crisis the U.S. on the national economy if not addressed within the United States and within the time limit is possible for this treatment. "
." In this regard, he noted professor of economics Mustansiriya University Dr. Abd al-Rahman al-Mashhadani, that "the collapse of the dollar likely will, when they occur automatically to the collapse of the value of sales of Iraqi crude oil, and upon which the state budget by at least 99%" not to mention the link state the total for Iraq's economic dealings since 2003 and so far the U.S. dollar. "
. For his part, called economic expert, Dr. Hilal Al-Taan Iraqi authorities to "accelerate the transfer of as much as possible from Iraqi cash reserves to a basket of other foreign currencies such as the euro and the pound sterling" in order to reduce the potential negative effects for the continuation of U.S. government debt crisis on the economy of the country.
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