Effects of the global financial crisis on Iraqi economy and society
The Iraqi economy is also expected to be adversely affected by the reduced exchange rate of the dollar, because of its close connection with the exchange rate of the Iraqi dinar. This is reflected in a reduction of purchasing power. In addition, the dollar is the currency used for evaluating Iraq's oil revenues and is the largest proportion of Iraq's reserve assets of hard currency.
The conclusion that develops from the observations above is that it is necessary today to explain the adverse effects of the global crisis by applying transparency and clarity, on the one hand, and by launching a societal debate about the roots of the crisis, the possible negative repercussions on our national economy, and the ways to confront it and reduce its negative effects, on the other.
http://www.politicalaffairs.net/arti...ew/8727/1/368/
The Iraqi economy is also expected to be adversely affected by the reduced exchange rate of the dollar, because of its close connection with the exchange rate of the Iraqi dinar. This is reflected in a reduction of purchasing power. In addition, the dollar is the currency used for evaluating Iraq's oil revenues and is the largest proportion of Iraq's reserve assets of hard currency.
The conclusion that develops from the observations above is that it is necessary today to explain the adverse effects of the global crisis by applying transparency and clarity, on the one hand, and by launching a societal debate about the roots of the crisis, the possible negative repercussions on our national economy, and the ways to confront it and reduce its negative effects, on the other.
http://www.politicalaffairs.net/arti...ew/8727/1/368/