Study of the International Monetary Fund: the hegemony of the dollar will exacerbate the economic impact of "corona"

by **claud39** Fri Jul 24, 2020 4:44 pm

[size=30]Study of the International Monetary Fund: the hegemony of the dollar will exacerbate the economic impact of "corona"[/size]

2020-07-22

Study of the International Monetary Fund: the hegemony of the dollar will exacerbate the economic impact of "corona" %D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A

Yassin Iraq: Follow-up

A study by the International Monetary Fund revealed the impact of the US dollar's dominance in trade that could lead to an increase in economic deterioration due to corona.

The study indicated that the dollar's dominance in trade and finance in the world can exacerbate the economic impact of the Corona epidemic, as strengthening the strength of the dollar will lead to a decline in trade and economic activity more in the short term.

According to international agencies, the study suggested that developing countries would not be able to benefit from the weakness of their national currencies to stimulate the economy because of the export prices in dollars.

Thus, the weakening of the currencies of the countries against the dollar leads to higher prices for imported goods and consequently a decrease in demand for them.

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