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Expert: improvement of the Iraqi-Saudi economic relations will lead to the decline of the Iraqi currency against the Gulf currency
10/05/2014 09:44:00
BAGHDAD / Nina / confirmed peace Sumaisem economic expert, said the improvement of international relations will contribute to the improvement of the Iraqi Gulf economic situation in Iraq, but the rise will lead to a decline in the value of the dinar against Gulf currency.
She explained Sumaisem told the National Iraqi News / Nina /, that "the improvement of international relations after the Jeddah Conference in the Gulf is part of the continuation of the protocol and the international reaction to the pressure of terrorism, asserting that" the value of the Iraqi dinar will drop Bzdiad Gulf investment in Iraq. "
"The economic cooperation and international openness is considered as one of the most important channels and strengthen economic relations in addition to that there are factors encouraging investment in Iraq after a long break."
Referred to as, "The volume of trade exchange between Iraq and Saudi Arabia is one billion and 300 million dollars a year", and will rise to more than three billion dollars in the event of improvement in bilateral relations, in addition to the possibility of entering Saudi investments of Iraq billions of dollars in the sectors of manufacturing, housing and construction, extractive sector.
And Iraq participated in the Jeddah Conference to combat terrorism with a delegation headed by Foreign Minister Ibrahim al-Jaafari to be the first foreign his move to Saudi Arabia ./anthy8
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10/05/2014 09:44:00
BAGHDAD / Nina / confirmed peace Sumaisem economic expert, said the improvement of international relations will contribute to the improvement of the Iraqi Gulf economic situation in Iraq, but the rise will lead to a decline in the value of the dinar against Gulf currency.
She explained Sumaisem told the National Iraqi News / Nina /, that "the improvement of international relations after the Jeddah Conference in the Gulf is part of the continuation of the protocol and the international reaction to the pressure of terrorism, asserting that" the value of the Iraqi dinar will drop Bzdiad Gulf investment in Iraq. "
"The economic cooperation and international openness is considered as one of the most important channels and strengthen economic relations in addition to that there are factors encouraging investment in Iraq after a long break."
Referred to as, "The volume of trade exchange between Iraq and Saudi Arabia is one billion and 300 million dollars a year", and will rise to more than three billion dollars in the event of improvement in bilateral relations, in addition to the possibility of entering Saudi investments of Iraq billions of dollars in the sectors of manufacturing, housing and construction, extractive sector.
And Iraq participated in the Jeddah Conference to combat terrorism with a delegation headed by Foreign Minister Ibrahim al-Jaafari to be the first foreign his move to Saudi Arabia ./anthy8
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