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Iranians flock to the borders of Iraq to buy dollars
[13:05] 12/Jan/25
Irbil - 25 January to January (PNA): After landing a sudden and unprecedented for the price of Iranian rial against foreign currencies, especially the dollar, the flow of thousands of Iranians to buy the U.S. currency and sold within Iran in order to obtain a profit on the black market, which has become the first reference for the pricing of the riyal Iran against foreign currency.
The Web site, "bright" Iran yesterday, citing Iraqi sources that many of the Iranians flocked to the border of Iraq - Iran to buy the dollar, which took the currency to appreciate against Iran in recent weeks.
It said Iran "that the offices of exchange in the city of" Kut "in eastern Iraq and faced in the past few days the high demand for dollar in the areas located on the border with Iran, including" moved through "and" Clmjh "and" Mundhiriyah "which is the crossing trade and tourism between the the two neighboring countries.
On the other hand spoke of some of the sites in Iraq that Iraqi merchants are now buying dollars from the Iraqi Central Bank to be smuggled to Syria and Iran, which are subject to international economic embargo.
During the last few days tried the Iranian government to maintain the riyal's exchange rate, through the arrest of some of the trading in foreign currency on the black market, as well as raising the exchange rate in the formal banks, but a number of exchange offices refusing to buy or sell dollars at the price specified and continued bankers deal in the black market despite police surveillance of their work.
In the same context, the same day rate rose gold pieces in the Iranian market to unprecedented amounts reported as the price of one piece reached to 11 million rials, while the price in recent weeks, ranging up to 6 million Iranian rials.
The impact of the depreciation of Iranian currency and in this context, "Kawthar Al Ali roasted" expert on Iran in connection with the "Arab. Net": "The conflict-west Iran entered a crucial stage and we are seeing now is of a crippling blockade and the deterioration of the currency in Iran reminds us of what happened to Japan during World War II. "
Predicted Al Ali that Iran is in turn distributed rations to avoid protests expected in the Iranian street, as well as the smuggling of essential items through the neighboring countries, adding that many Iranian merchants and because of the high foreign currency have been unable to fulfill their promises of Finance for this has closed their shops. "
The number of sites of Iran and the Iranian blogosphere to the angry reactions of the citizens seemed to the Iranians, where manifestations of trauma and feelings of resentment and a clear majority of opinion expressed in it.
He wrote one of Iranian students on his blog where he describes the impact of economic sanctions, the Iranian currency and falling in simple words, saying: "In the last month, spent 700 thousand rials, while this month, spent two million riyals although I did not change the store shopping than what is happening?".
Some observers believe in economic affairs to increase the price of the dollar from 14 thousand riyals to about 21 thousand riyals in one month does not seem normal to the Iranian economy, especially since he suffers mainly from the problems that led to inflation reached 22% last month, "at the time of climb when the West is virtually steps to implement the sanctions on the Central Bank and the prohibition of the sale of oil approved by the European Union on Monday.
Observers expect the high prices of foreign currencies against the Iranian rial to record rates in case the application of the European Union and the United States economic sanctions on Iran, then you can see the price difference in the currency market are clear.
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[13:05] 12/Jan/25
Irbil - 25 January to January (PNA): After landing a sudden and unprecedented for the price of Iranian rial against foreign currencies, especially the dollar, the flow of thousands of Iranians to buy the U.S. currency and sold within Iran in order to obtain a profit on the black market, which has become the first reference for the pricing of the riyal Iran against foreign currency.
The Web site, "bright" Iran yesterday, citing Iraqi sources that many of the Iranians flocked to the border of Iraq - Iran to buy the dollar, which took the currency to appreciate against Iran in recent weeks.
It said Iran "that the offices of exchange in the city of" Kut "in eastern Iraq and faced in the past few days the high demand for dollar in the areas located on the border with Iran, including" moved through "and" Clmjh "and" Mundhiriyah "which is the crossing trade and tourism between the the two neighboring countries.
On the other hand spoke of some of the sites in Iraq that Iraqi merchants are now buying dollars from the Iraqi Central Bank to be smuggled to Syria and Iran, which are subject to international economic embargo.
During the last few days tried the Iranian government to maintain the riyal's exchange rate, through the arrest of some of the trading in foreign currency on the black market, as well as raising the exchange rate in the formal banks, but a number of exchange offices refusing to buy or sell dollars at the price specified and continued bankers deal in the black market despite police surveillance of their work.
In the same context, the same day rate rose gold pieces in the Iranian market to unprecedented amounts reported as the price of one piece reached to 11 million rials, while the price in recent weeks, ranging up to 6 million Iranian rials.
The impact of the depreciation of Iranian currency and in this context, "Kawthar Al Ali roasted" expert on Iran in connection with the "Arab. Net": "The conflict-west Iran entered a crucial stage and we are seeing now is of a crippling blockade and the deterioration of the currency in Iran reminds us of what happened to Japan during World War II. "
Predicted Al Ali that Iran is in turn distributed rations to avoid protests expected in the Iranian street, as well as the smuggling of essential items through the neighboring countries, adding that many Iranian merchants and because of the high foreign currency have been unable to fulfill their promises of Finance for this has closed their shops. "
The number of sites of Iran and the Iranian blogosphere to the angry reactions of the citizens seemed to the Iranians, where manifestations of trauma and feelings of resentment and a clear majority of opinion expressed in it.
He wrote one of Iranian students on his blog where he describes the impact of economic sanctions, the Iranian currency and falling in simple words, saying: "In the last month, spent 700 thousand rials, while this month, spent two million riyals although I did not change the store shopping than what is happening?".
Some observers believe in economic affairs to increase the price of the dollar from 14 thousand riyals to about 21 thousand riyals in one month does not seem normal to the Iranian economy, especially since he suffers mainly from the problems that led to inflation reached 22% last month, "at the time of climb when the West is virtually steps to implement the sanctions on the Central Bank and the prohibition of the sale of oil approved by the European Union on Monday.
Observers expect the high prices of foreign currencies against the Iranian rial to record rates in case the application of the European Union and the United States economic sanctions on Iran, then you can see the price difference in the currency market are clear.
[You must be registered and logged in to see this link.]
