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• Appetite for the dollar in the ports of East
Saif Abdul Rahman
19.01.2012
Said government officials and banking experts in Kut, the growing popularity of buying the U.S. dollar in outlets such as the eastern border (Zorbatiyah and Clabjh and Mundhiriyah and Shihabi), which constitute one of the most important commercial and tourist crossing points between Iraq and Iran.
The growth of the banking activity during the last few days in light of the growing volume of trade of commodities and goods imported from Iran through these ports government which led to an increase in dollar sales and higher prices against the currencies of Iraq and Iran.
And confirms a government source in the Ministry of Finance on condition of anonymity that the trade is organized, who witnessed the ports eastern border led to the absorption of foreign currency from the market in the absence of control over the traders importers of commodities and goods from Iran, adding that there is evidence that traders to enter large amounts of those foreign currency to Iran under the pretext of commercial contracts.
For his part, says Fayek Al-Wazzan, a banking expert said that the depreciation of Iranian currency by the sanctions imposed on Iran's economy has made the Iranian expatriates are buying the U.S. dollar from the Iraqi market.
It also confirms one money changers in the city of Badra near the border crossing that the absence of specialized banks in border outlets revived the banking profession where the increased demand for buying the U.S. dollar, recorded sales of Iranian currency and a clear decline over the past days.
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Saif Abdul Rahman
19.01.2012
Said government officials and banking experts in Kut, the growing popularity of buying the U.S. dollar in outlets such as the eastern border (Zorbatiyah and Clabjh and Mundhiriyah and Shihabi), which constitute one of the most important commercial and tourist crossing points between Iraq and Iran.
The growth of the banking activity during the last few days in light of the growing volume of trade of commodities and goods imported from Iran through these ports government which led to an increase in dollar sales and higher prices against the currencies of Iraq and Iran.
And confirms a government source in the Ministry of Finance on condition of anonymity that the trade is organized, who witnessed the ports eastern border led to the absorption of foreign currency from the market in the absence of control over the traders importers of commodities and goods from Iran, adding that there is evidence that traders to enter large amounts of those foreign currency to Iran under the pretext of commercial contracts.
For his part, says Fayek Al-Wazzan, a banking expert said that the depreciation of Iranian currency by the sanctions imposed on Iran's economy has made the Iranian expatriates are buying the U.S. dollar from the Iraqi market.
It also confirms one money changers in the city of Badra near the border crossing that the absence of specialized banks in border outlets revived the banking profession where the increased demand for buying the U.S. dollar, recorded sales of Iranian currency and a clear decline over the past days.
[You must be registered and logged in to see this link.]
