Economic Center Demanding the Government to Unlink the Iraqi Dinar to the Dollar
|October 20, 2013||Filled under Featured Article|
Alsumaria News/ Baghdad
Called Media Center for Economic Saturday, the government need to work on the disengagement of the Iraqi dinar dollar, noting that current data do not indicate seriously special programs to find alternatives to the development of parallel oil. said head of the center Dergham Mohammed Ali in a statement issued today, and received “Alsumaria News”, a copy of which was that “despite the end of the crisis shutdown of government the U.S., but there is another crisis threatening the U.S. economy is the high ceiling of the government’s debt the U.S. to record levels reached 17 trillion dollars,” noting that “the U.S. economy is threatened by crises new economic threaten the dollar zone.
He called Muhammad Ali the Iraqi government to “study to find alternatives to the dollar in the reserves of Iraq’s foreign currency basket includes Asian currencies more stable, such as the Chinese yuan and the Japanese yen as well as the euro and the British pound and other currencies are stabilizing higher than the dollar,” noting that “the dollar zone is exposed to the risk of real economic not been exposed since the Great Depression in the twenties of the last century.
Stressed Muhammad Ali that “currency auction conducted by the Central Bank of Iraq will be the beginning of the introduction of these currencies and dealing in them and traded through the Iraqi market, in addition to Iraq put to the idea of disengagement from oil exports in dollars meetings of the Petroleum Exporting Countries OPEC to protect oil prices vulnerable to price the dollar that the United States the largest importer of crude oil in the world and that any economic downturn سيصيبها will reduce dramatically imported crude oil. ” stressed Muhammad Ali on the need to “move in this direction as The current data do not indicate seriously special programs to find alternatives to the development of parallel oil to replace it in the budget for Iraq to protect the Iraqi economy from price fluctuations in the global oil market.
The White House has issued on the first of October, the current orders to departments the federal government to stop partial to work in. , after he failed to Congress to reach an agreement on the budget for the new year. approved the U.S. Congress, on October 17 current, a bill ending partial closure of the government departments and sparing Washington defaults on its debt, and hours before the deadline to raise the debt ceiling to 16.7 trillion dollars, but facing Washington risk of defaults. warned several oil countries of the impact of closing the U.S. Government on the financial dealings of her country and its income from oil and especially those that deal with the United States directly. noted that Iraq is a country yield unilateral depends on oil dramatically in financing general budget and the contribution of oil more than 90% in the GDP of the country.
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