Economists: rising euro zone behind the rise in the volume of investments Iraq with European countri

Economists: rising euro zone behind the rise in the volume of investments Iraq with European countries



Economic crises coming in to the world and to the high euro zone and the weakness of the dollar, resulted from the repercussions of such low stock exchanges of New York and Chicago, which led to a dramatic rise for the euro zone because of the cost of the wars in Afghanistan and Iraq, and because of the crisis of indebtedness of real estate «SAP Prime», and reduce investments American foreign markets, and thus lower the proportion of the value of the demand for the dollar ..

This varied views of economists about the impact of the euro zone on the Iraqi economy, which rose recently on the U.S. dollar exchange rate, which has raised the ire of economists Benakasha negatively on imports of Iraq that are in euro and the dollar expert and advisor in economic affairs peace Sumaisem confirmed to the newspaper (citizen) .. that "high zone the euro will affect imports hammered the dollar and the opposite for imports in euros. "

The Sumaisem said "height of the euro zone could lead to a rise in the volume of investments Iraq residing in euro benefit from this opportunity."

She added, "Iraq will be affected negatively the fact that when the euro rises less than the value of the dollar and thus bears the financial differences on Iraq Astiradth from the euro zone because it will lead to a significant increase of prices."

She continued to say, "as can repay Mdiontna that dollar in return obtaining debts arising from the foreign parties concluded in euros would be a slight influence on Iraq."

With Ray economist and academic at the University of Mustansiriya Maythem Laibi newspaper (citizen) .. "The high euro zone have no effect on the Iraqi economy, the fact that all dealings in dollars."

He said Laibi "There is a strong relationship between the value of the euro and the Iraqi dinar, because most of Iraq's imports; and exports are the U.S. dollar, as the euro area does not constitute a significant proportion of imports and exports as the trade of Iraq's foreign variety and a large percentage of them are made with Asian countries and regional" .

She continued, " The effect will be a slight on the Iraqi economy, because Iraq depends on the exchange rate managed by the central bank. "
The Executive Board member at the ECB Benoit Korean, announced that the euro zone exceeded the danger zone despite the negative effects of the crisis, pointing out the possibility of the existence of positive effects, which contributes to the process of change and progress.


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