CBI: Closing the Strait of Hormuz will be reflected directly on the Iraqi economy

Posted: January 25, 2012 in Iraqi Dinar/Politics, Top Headlines
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25/01/2012 12:09:00

The independent Iraqi news agency / Baghdad / a. … M across the Central Bank of Iraq is concerned the likelihood of escalation of tensions in the Strait of Hormuz, stressing that the closure of the Straits will directly affect the national economy is no room for any economic maneuver to Iraq.

The deputy governor of Central Bank of Iraq appearance of Dr. Mohammed Saleh told the reporter (and independent Iraqi news agency) “he is worried about the implications of what he described as large on the Iraqi economy in the event of closing the Strait of Hormuz.

Indicating that the tension in the Strait of Hormuz on Iraq will affect the first two-way trend is that two-thirds of Iraq’s oil exports pass through the strait and the second lies in the central part of the Iraqi trade passes through the south by the sea.

He emphasized that the results in favor of closing the Strait of Hormuz would be directly on the Iraq specifically because it depends on the oil and can not maneuver to change the catalog port other than Saudi Arabia, which has the ability to maneuver expected that Saudi Arabia was closed in the event of Hormuz, start to maneuver economic and export by sea Crh

Tehran has threatened to close the Strait of Hermzfa the event of any military attack by the United States or Israel.

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