Expert: Iraq can see limited affect by the rise in the euro

Posted: October 30, 2013 in Iraqi Dinar/Politics
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Economic

30-10-2013 12:37 PM

Baghdad (newsletter). The financial expert said Abdul Aziz Hassoun, the rise in the euro area reflect negatively on the rest, their recovery has positive impact on other countries, particularly oil exporting countries.

He said Hassoun (News Agency): the acute crisis affecting the major currencies influence the level of world trade, adding that Iraq is affected by fluctuations in the euro area to all dollar transactions.

He continued: when the euro less than the value of the dollar and thus bears the financial differences on Iraq asteradth of the euro area because it will lead to a significant rise in prices.

Expected: that the impact of this rise is limited to Iraq because it is natural and usually occurs in the fourth quarter of each year to markets in this period filter accounts, there are markets rise and fall.

The Member of the Executive Board of the European Central Bank they built, announced that the euro area exceeded the danger zone despite the negative effects of the crisis, pointing to the possibility of having a positive impact and which contribute to the process of change and progress

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