Alan Greenspan about countries from Persian bay
Countries from Persian bay, where is the main place of producing petrol, may decrease their inflation hardly if they refuse binding with US Dollars. This was recommended by ex-central banker of USA Alan Greenspan in Sauditian town - Dgeda.
According to Alan Greenspan tieing down of currencies with the dollar "is restricting the possibility of the countries from the region to keep the inflation, and constrain them to dublicate the monetary politic of USA in period, when FED is decresing the main interests, to prevent the economy decreasing", commented the ex-chief of FED. According to datas of Al Jasiras in Saudi Arabia the inflation has level of 7%, which is the highest level of last 26 years, and in OAE it is 9.3%, which is the highest level from previous 19 years. Greenspan also told that countreies from the region may bring in floating rate of their currencies.
Labels: Financial News
posted by Zoritza Petrova @ 2:00 AM
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