Iraq is affected indirectly rise and fall of the euro

MEMBER OF THE COMMITTEE OF ECONOMY: IRAQ IS AFFECTED INDIRECTLY RISE AND FALL OF THE EURO AREA

Baghdad (news) .. Confirmed a member of the Finance Committee MP / Kurdistan Alliance / Najeebeh Najib, the recovery of the euro zone economy will impact positively on the developing countries, the source of the oil, including Iraq and said Najib (of the Agency news): The reforms affect indirectly through the volume of trade exchange between Iraq and Europe, where the price of exports of European increase with the euro, which Maineks negatively on the Iraqi economyand vice versa.

indicated: that Iraq is heavily influenced by volatile euro zone because of all his dealings dollar, indicating that when the euro is rising less than the value of the dollar and thus bears Iraq differences in financial Astiradth of Euro-zone because it will lead to a significant rise of prices. noted that Executive Board member in the European Central Bank Benoit Korean, announced that the euro zone exceeded the danger zone despite the negative effects of the crisis, pointing to the possibility of the existence of positive effects have, which contributes to the process of change and progress.

ikhnews.com

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