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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Fitch: Arab states will be affected by the exit of Britain and Egypt .. most affected

    rocky
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    Fitch: Arab states will be affected by the exit of Britain and Egypt .. most affected Empty Fitch: Arab states will be affected by the exit of Britain and Egypt .. most affected

    Post by rocky Tue 05 Jul 2016, 5:36 am

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    [size=48]Fitch: Arab states will be affected by the exit of Britain and Egypt .. most affected

    July 5, 2016


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    Our economy / Agencies
    Fitch credit rating confirmed that Britain vote for the exit from the European Union may affect the Middle East and Africa through the markets, trade and aid, although no immediate effects seem "limited."
    Fitch said in a statement: "Short traces term may come through the turbulence of the market, while slowing down the British and European growth could adversely affect the Middle East and Africa's economies at a time of already hard-pressed," noting that the ten countries of the 29 classified state in the region has given a stable outlook.
    The agency said the most immediate effects of the British withdrawal appears to increase risk aversion, while the effect depends on the extent of integration with the global financial system.
    She added that the vote in favor of secession British also led to a rise of the dollar against most currencies floating in emerging markets, which will increase the burden of debt and debt service on heavily with budgets large dollar debts of countries.
    She continued, "For countries that peg their currencies to the dollar (such as the Gulf Cooperation Council (GCC)) or those that adopt exchange rates governed (eg, Ethiopia, Egypt and Angola) will mean it is more than the rise in the currency weighted trade exchange rates and a decline in competitiveness, including may increase the imbalances macroeconomy. "Fitch said that while Saudi Arabia holds most of its assets in the form of reserve assets denominated in dollars are believed to be rich Gulf states smaller retain a great deal of assets in Britain and Union


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