31.12.2011 | (Voice of Iraq) Baghdad (news) warned a member of the Economic and MP / coalition in Iraq / Nora Salem from Iraq has been affected by the global recession that the economy unilaterally, citing the need to develop solutions to avoid them.
The Salem a statement to the Agency (news) on Saturday: It is likely that the world is experiencing economic crisis, new and be stronger than the previous and Iraq will be affected by being a certified Baaradath annual oil only, noting that the global economic crisis resulting from the low price of oil in the oil markets, global and this is what will affect the Iraqi economy as a yield.
She added that in the event of a global economic recession will impact directly on the Iraqi economy because Iraq is part of the world and when there is a global economic crisis, Iraq inevitably will be affected by the fact that this crisis are kept on the countries that produce oil, confirming that Iraq is supported entirely dependent on oil and had no other resource than oil, both (10%) from other sectors such as taxes and customs duties added to the budget. and called Salem, the federal government to develop appropriate solutions to avoid this crisis as a crisis of unexpected will strike America and Europe.
The member of the Economic Commission representative to: The Central Bank of Iraq has large reserves of up to (60) billion dollars and is a stock of strategic reserves of Iraq in the event of unforeseen circumstances or economic disaster in the country, can be used in this reserve. and expected number of economists in the world to an international economic crisis New in the coming years which will lead to a major economic recession, and will be different from previous economic crises.