Economic affairs experts predicted the devaluation of the dollar (thousand Iraqi dinars) and the price of oil (60) dollars per barrel because of the c

[DRV1804]

the future of Iraq

17/08/2011 0:00

Baghdad / Iraq's future

Economic affairs experts predicted the devaluation of the dollar (thousand Iraqi dinars) and the price of oil (60) dollars per barrel because of the continuing credit crunch and the U.S., which began directly affect the local economy.

The expert economic peace Sumaisem the fact that the Iraqi economy Rieia depends on its income on oil, this situation is directly linked with the outside world and what happens at home is a reaction to what happens abroad, so the decline of the dollar and oil is reflected in the budget that relies on (98%) of oil, expected to reach price of a barrel of oil (60) dollars in the worst cases, the afterthought "may rise when demand for winter to increase the demand for it," The price of the dollar could reach (1000 dinars).

And the expected continuation of this decline Sumaisem, especially in America to the fact that there are other serious crisis to cope with the first crisis a crisis in the euro area.

The economic expert, Majid picture that the global financial crisis and the U.S. are still continuing and effective and that its influence in the Arab states clearly that there are political conflicts within the United States on how to impose taxes and the tax base, in addition to an attempt by U.S. President Barack Obama to reduce these taxes from the poor or otherwise released them and increase Companies of any major redistribution of income to the lack of the budget deficit.

http://www.almustakbalpaper.net/ArticleShow.aspx?ID=7815

[zigmeister]

I don't just seems to me Iraq is hinting they want to break up with us.

[yota691]

My take is that what happens in the USA doesn't stay in the USA!! USA is the world economics, when we have a adminstration that acts like this, this is the results!!! It going on 3 years no one to blame but who in charge!! Bash me all you want i dont care.