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16.5 months imports of agricultural and foreign agriculture to Arab countries



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Khalid al-Ghabbi from Riyadh

It was clarified that the "economic" Arab monetary fund is "gold" and "foreign currency" on the earthquake of two trillion dollars in the "Arab" country, which currently accounts for 16.5 months of imports, stating the level of reserves. The whole "is known.
The Fund has pointed to the finals that Arab countries receive from gold and foreign currency inflation, indicating that it is linked to exchange rate fluctuations and interest, and to the components of the state's official reserves. Split up
Dr Abdul Rahman Al-Hamdi, Director General of the Fund, said that Arab oil countries benefit from the rise in oil prices to help save their agriculture, and through them, dollars are made on the value of their funds.
He added that in some Arab countries the production of certain products is equal to the cost of agricultural, phosphate and chromium.
Referring to the figures released by billions of Arabs in light of the anticipated economic changes, al-Islami states that most Arab countries accept fixed exchange rate regimes are oil exporters, whose oil exports are dollar and dollar, and in this sense Economies are inherently open economies. The outside world is characterized by open capital account to ensure free transfer of funds and outsourcing.
He pointed out that the exchange rate provided advantages in terms of reducing the income of those countries, reducing the income of those countries, and reducing the risks of foreign exchange, and reducing the flow of capital flows. Points out that, in these countries, reserve the foreign currency reserves, ensuring the stability of the existing system. Exchange and its contracts and foreign exchange provided stability in the market.
Dr. Imam Hamidi pointed out that the Arab economy, like other emerging economies, is open to the outside world through trade, economy and capital flows, however, the financial and economic crisis is generally global economy, international trade, and advanced. Reduces capital outflows from countries and economies. The emerging markets, and the rapid pace of international exchange rates and interest, are reflected in the level of economic performance in the developing country, particularly in the face of internal and external economic instability.
In order to cope with any potential crisis in the settlement of the Arab countries, he said that the previous Arab countries have adopted a large number of economic reforms, which support the framework of economic stability, and towards the recovery of internal and external balances. Reduce the budget deficit, balance the general, payment.
It identified several major strategies for expanding economic services, in addition to any possible economic fluctuations in its economic structure, while in some Arab countries to absorb the impact of external economic effects, at times worse. To increase rates, reduce the impact of all these is possible for any international crisis and increase its ability to cope with international economic stability.
He pointed out that the Central Bank and the Arab Monetary Fund have worked over the past several years, implementing various reforms aimed at supporting bank security and enhancing financial stability based on compliance with international standards and standards, including The most important is the determination of the implementation of the "Basel III" standards and precautionary policy framework. Compared to the level of investment level of the Arab banking capital, the Basel III reform framework was compared with 10.5% for the planned level of 19%.
In addition, the ability of banks in international countries to meet the needs of liquor in Arab countries, despite the pressures and conditions, which increases the ability of the banking sector to face any potential crisis.

Source
Economic


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