Home
Warnings of the repercussions of the dollar smuggling to Iran on the economy
1/29/2012 7:10
□ Baghdad / follow-up long
warned a number of experts from the escalation of the sale of foreign currency at border crossing points with Iran, and the requirement of Iranian traders pay Akiem goods supplied to Iraq in hard currency.
and emerged in the recent phenomenon of selling hard currency to the Iranian businessmen at border crossings, especially in the Maysan province.
The economist said the World Bank Majid picture, told the Kurdish news agency (Rn) that "the phenomenon of replacement of the hard currency of Iranian currency is not legal, but is the process of smuggling of foreign currency should fight by the security authorities."
"The Iranian currency is not international, are not allowed to spiral of the country, but with regard to travel costs, which do not exceed 100 dinars. " Noting that "the phenomenon of replacement of hard currency to local Iranian influenced the value of the dollar in Iraq, and raised the demand for hard currency at the Central Bank."
risen in recent weeks, central bank sales of the currency of the league to reach 160 million dollars a day to more than 200 million dollars a day.
in turn, said Executive Director of the Institute of Commercial Ali al-comprehensive (Rn) that "the sale of hard currency on the Iranian traders hurt the domestic market in Iraq, raising the value of the dollar against the Iraqi dinar," alluding to "the continued smuggling of currency, without the central bank to re-arranging his papers for the sale of foreign exchange and budget with the dollar. "
He continued by saying that "the Iranian traders are working to support their economy, especially that their government is under siege of an international economic order, and they suffer from a lack of entry of the U.S. currency to them with the siege imposed on their banks international" .
For his part, said economic expert, the appearance of Mohammed Saleh (Rn) that "this phenomenon is natural for countries such as Iran under its currency to the economic blockade and take deteriorate, making it tend to support the economy," adding that "this phenomenon, Iraq was working on during the economic blockade it had emerged Trading in Iraqi Dinars with the Jordanian Dinar. "
He explained that "the process of smuggling currency harm the interests of Iraq, on the grounds that the latter depends on the import of foreign goods, or on the dollar," noting that "this phenomenon generates a partnership of capacities of local economic between Iraq and Iran, and generate added value to the economy , but it generates profits for people. "
threaten Iran close the Strait of Hormuz, which Iraq exports of which more than 80% of its oil exports to Asian markets, while studying the West to impose further sanctions on the Iranian economy over Tehran's controversial nuclear.
The U.S. Department of Defense ( Pentagon) last Tuesday that it is not seeking a confrontation with Iran on the traffic in the Strait of Hormuz despite the rejection of the threat of an Iranian military attack to keep U.S. aircraft carriers outside the Gulf.
There is no direct diplomatic relations between Tehran and Washington since 1979, and the Swiss embassy represents U.S. interests in Tehran.
[You must be registered and logged in to see this link.]
