Date: 2012-09-20 12: 42: 22 Thursday
Baghdad (News) … Financial expert ruled out as beautiful, a global economic crisis might damage the national economy and the local currency because they are supported by large oil wealth and cash reserves of hard currency. (more…)
24-02-2012
A member of the Economic Committee MP for the coalition in Iraq Qusay Gomaa said Iraq will not be affected by fluctuations in the price of gold in international markets because it has large reserves of gold and jewelry.
He said Friday (the Agency news): that winning the gold price rise in global markets is the result of the economic crisis taking place in some of the world, which also led to increased food prices and commodities in general being affected with each other. (more…)
By ERIN MCCARTHY
As global markets sell off, some emerging nations have stepped into foreign-exchange markets to prevent steeper declines in their currencies, a contrast to safe-haven countries dealing with strong gains in their exchange rates.
In recent weeks, Turkey and Indonesia have taken or forewarned of measures to curb their currencies’ slides after global growth worries sent equities sliding world-wide and investors fleeing emerging markets.
Read More: http://online.wsj.com/article/SB10001424053111903639404576520041280550836.html
