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Advisor to the Central Bank's Citizen: Iran's deteriorating currency will be reflected on the Iraqi currency
On: Wed, 25/01/2012 22:42
The local market stopped dealing Baltoman
Baghdad - Mostafa Hashemi
Back economists and banking experts, the flow of thousands of Iranians in the border areas between the two countries to buy and sell the U.S. currency inside Iran as a drain on foreign currency inside Iraq indirectly. With rejects Iraqi merchants in Najaf and Karbala to do business Baltoman after low value against the Iraqi dinar. The adviser said the Iraqi Central Bank Mazhar Mohammad Saleh's (citizen) that the currency of Iran is deteriorating amid the international sanctions imposed on Iran, causing inflation, the fact that the sources of the dollar is weak in the Iranian banks. stressing that the influx of Iranians in the border areas with Iraq to buy the dollar or gold is individual behavior or border trade. Saleh continued, but if what has been regarded as a phenomenon as a request to the effects of foreign currency that will be reflected heavily on the dollar of what exists in the Iraqi market. Indicating that the demand for the dollar at auction the central bank over $ 300 million. He pointed out that the persistence of the phenomenon for a longer period will exhaust the foreign currency in Iraq indirectly because Iraq depends on oil exports only as a source to provide the dollar and other currencies. "It is possible for Iraq if the variety of economic resources to be a player economically significant in the region and could play an important role exploiting the opportunity to sanctions imposed on Iran and the situation in Syria to revive its economic situation and increase its exchanges of trade as it was Jordan's trade with Iraq during the nineties of the last century in the years siege to revive its economy. "For its part, said an economic expert said the peace Sumaisem turnout switch Altoman dollar leads to increased demand and increased demand for any currency raises the price.
She's Sumaisem (citizen) that the high price of the dollar would negatively affect the Iraqi dinar because the monetary policy pursued by the central bank was able to install the dollar and the strengthening of the dinar. Smeisim, however: so the high price of the dollar from one party would affect adversely the value of the dinar and therefore would strike at the central bank's efforts to improve the exchange rate of the local currency. The Sumaisem that Iraqi traders in the provinces of Najaf and Karbala, refuse to do business in Iranian now under siege on the Central Bank of Iran which led to the vibration market Altoman Iran and the weakness of his situation and after landing a sudden and unprecedented for the price of Iranian rial against foreign currencies, especially the dollar, in order to obtain the achievement profit on the black market, which has become the first reference for the pricing of the Iranian Rial against foreign currency.
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On: Wed, 25/01/2012 22:42
The local market stopped dealing Baltoman
Baghdad - Mostafa Hashemi
Back economists and banking experts, the flow of thousands of Iranians in the border areas between the two countries to buy and sell the U.S. currency inside Iran as a drain on foreign currency inside Iraq indirectly. With rejects Iraqi merchants in Najaf and Karbala to do business Baltoman after low value against the Iraqi dinar. The adviser said the Iraqi Central Bank Mazhar Mohammad Saleh's (citizen) that the currency of Iran is deteriorating amid the international sanctions imposed on Iran, causing inflation, the fact that the sources of the dollar is weak in the Iranian banks. stressing that the influx of Iranians in the border areas with Iraq to buy the dollar or gold is individual behavior or border trade. Saleh continued, but if what has been regarded as a phenomenon as a request to the effects of foreign currency that will be reflected heavily on the dollar of what exists in the Iraqi market. Indicating that the demand for the dollar at auction the central bank over $ 300 million. He pointed out that the persistence of the phenomenon for a longer period will exhaust the foreign currency in Iraq indirectly because Iraq depends on oil exports only as a source to provide the dollar and other currencies. "It is possible for Iraq if the variety of economic resources to be a player economically significant in the region and could play an important role exploiting the opportunity to sanctions imposed on Iran and the situation in Syria to revive its economic situation and increase its exchanges of trade as it was Jordan's trade with Iraq during the nineties of the last century in the years siege to revive its economy. "For its part, said an economic expert said the peace Sumaisem turnout switch Altoman dollar leads to increased demand and increased demand for any currency raises the price.
She's Sumaisem (citizen) that the high price of the dollar would negatively affect the Iraqi dinar because the monetary policy pursued by the central bank was able to install the dollar and the strengthening of the dinar. Smeisim, however: so the high price of the dollar from one party would affect adversely the value of the dinar and therefore would strike at the central bank's efforts to improve the exchange rate of the local currency. The Sumaisem that Iraqi traders in the provinces of Najaf and Karbala, refuse to do business in Iranian now under siege on the Central Bank of Iran which led to the vibration market Altoman Iran and the weakness of his situation and after landing a sudden and unprecedented for the price of Iranian rial against foreign currencies, especially the dollar, in order to obtain the achievement profit on the black market, which has become the first reference for the pricing of the Iranian Rial against foreign currency.
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