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Iraqi merchants are gradually abandoning the Iranian currency
Posted 06/02/2012 07:10 AM
BAGHDAD - AFP - Iraqi merchants to avoid dealing with hundreds of thousands of tourists who come from Iran, the currency of their country after a big decline against the dollar, which in turn became the goal after the Iranian traders have largely ignored for many years.
In the Kadhimiya north of Baghdad inhabited by a Shi'ite majority, filled with jewelers and clothing shops and restaurants surrounding Bmrkadi Imam Musa al-Kadhim and Mohammed Jawad, visitors to the holy place in Shi'ite Islam. Usually these stores are crowded and the streets surrounding the shrine of Iranian visitors, but the processions carrying them to this site almost disappeared this weekend.
Ali Mohammed (42 years), the owner of the Office of Foreign Exchange, said that «the price Altoman (Iranian Rial) fell in the form of a very large». He added, speaking from behind a glass partition, waving financial papers bearing the image of Ayatollah Khomeini, the founder of the Islamic Republic, said that «the cause of this drop us a great loss. Month and a half ago, I was dealing nearly twenty thousand dollars a day from Altoman, and now I work less than a thousand dollars ». He continued: «I think that I'll stop buying Altoman in the form of a gradual, and if it continues to decline Vsatoagaf a final deal by the».
And led the international banking sanctions imposed on Iran since 18 months and was reinforced by the Americans and Europeans in January (January), to the collapse of the Iranian currency, which lost about half its value in a year.
Jassim said the global (55 years), which has in turn subject to banking in Kadhimiya that the price of Iranian rial fell to 18 thousand to the dollar «after the dollar was equal to nearly ten thousand about two months ago».
Increasingly, low price of Real at the border with Iran, as the price of the dollar to 20 thousand riyals Zurbatiyah border crossing in Wasit province (south-east of Baghdad).
The one at the crossing officials told «AFP» that «the dozens of Iranian merchants are working on a daily basis to buy the dollar», pointing out that prior to the devaluation of the currency of their country «were dealing in Iranian and not searching for the dollar».
The Iranian currency has been a long time the real price is higher than before to raise the Central Bank of Iran in recent months about the cover, to reduce the country's loss of foreign currency that comes from oil exports.
The World who works in banking Kadhimiya since more than ten years that he rectify the matter since the start «did not deal in huge amounts, because I learned that there will be pressure and sanctions on the Iranian economy». He expressed regret, saying: «suffered a lot on Iranian visitors because they are simple people who came to Iraq to carry limited amounts of the performance of the visit, but they were surprised by the depreciation of their currency».
In the city of Najaf (150 km) south of Baghdad, where the shrine of Imam Ali ibn Abi Talib, visited by more than two million Iranian year, raises the currency's decline was also the ire of the Iranian exchange shop owners and owners of hotels that rely primarily on in the form of these visitors.
Said Hussein brothers (36 years) who works in the banking company in the city that «the exchange rate is volatile Altoman Iranian problem for us in terms of the difference in the rate of exchange for the buying and selling with other currencies».
For his part, said Uday Albhash (35 years), which owns a shop selling cloth in the main market in Najaf that «item that we sell by a drop of twenty Toman, we sell forty Toman to achieve without any profit».
The Minister of Tourism Iraqi brigade that Sumaisem «landing Iranian currency impact in the form of a slight on the religious tourism, but this did not affect the flow of Iranian pilgrims».
In spite of this, said Khaled Abu Djij (40 years), which is the center of Najaf hotel owner, that «the tourism companies began to record losses and try to compensate by pushing us Baltoman Iran after it was paid in dollars».
He said in reference to the refusal of access to the amounts owed by the Iranian currency «not received sums of tourism companies since the currency drop».
And pay the shortage of hard currency in Iran in which traders try to buy them from external sources, most notably Iraq, which is the volume of trade with Iran exchanged between five and seven billion dollars annually.
In what seemed an attempt to cut off the road on this issue, the Iraqi Central Bank has started this week about the new measures on sales of the dollar, especially on the definition provided for the buyer. These actions have caused a significant decrease in the rates of dollar selling in the auction, hosted by the Central Bank of Iraq every week between Sunday and Thursday, and this week ranged between three and four million dollars, after she was nearly $ 200 million.
The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh said that the reason behind these actions goes back to that «a lot of buyers hiding behind other people, that is not the person who purchases real».
He said that Iraq, which has about $ 60 billion of foreign exchange reserves and pay the price of electricity and fuel, which Iran Isturdahma of the dollar, seen in the recent period «a gift in the demand for the dollar».
And refused to link the «gift» and new procedures, which were accompanied by direct sanctions on Iran, said that «when we saw that there is extra demand amid the complexities of regional, we wanted to check in more sales and the nature of customers».
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Posted 06/02/2012 07:10 AM
BAGHDAD - AFP - Iraqi merchants to avoid dealing with hundreds of thousands of tourists who come from Iran, the currency of their country after a big decline against the dollar, which in turn became the goal after the Iranian traders have largely ignored for many years.
In the Kadhimiya north of Baghdad inhabited by a Shi'ite majority, filled with jewelers and clothing shops and restaurants surrounding Bmrkadi Imam Musa al-Kadhim and Mohammed Jawad, visitors to the holy place in Shi'ite Islam. Usually these stores are crowded and the streets surrounding the shrine of Iranian visitors, but the processions carrying them to this site almost disappeared this weekend.
Ali Mohammed (42 years), the owner of the Office of Foreign Exchange, said that «the price Altoman (Iranian Rial) fell in the form of a very large». He added, speaking from behind a glass partition, waving financial papers bearing the image of Ayatollah Khomeini, the founder of the Islamic Republic, said that «the cause of this drop us a great loss. Month and a half ago, I was dealing nearly twenty thousand dollars a day from Altoman, and now I work less than a thousand dollars ». He continued: «I think that I'll stop buying Altoman in the form of a gradual, and if it continues to decline Vsatoagaf a final deal by the».
And led the international banking sanctions imposed on Iran since 18 months and was reinforced by the Americans and Europeans in January (January), to the collapse of the Iranian currency, which lost about half its value in a year.
Jassim said the global (55 years), which has in turn subject to banking in Kadhimiya that the price of Iranian rial fell to 18 thousand to the dollar «after the dollar was equal to nearly ten thousand about two months ago».
Increasingly, low price of Real at the border with Iran, as the price of the dollar to 20 thousand riyals Zurbatiyah border crossing in Wasit province (south-east of Baghdad).
The one at the crossing officials told «AFP» that «the dozens of Iranian merchants are working on a daily basis to buy the dollar», pointing out that prior to the devaluation of the currency of their country «were dealing in Iranian and not searching for the dollar».
The Iranian currency has been a long time the real price is higher than before to raise the Central Bank of Iran in recent months about the cover, to reduce the country's loss of foreign currency that comes from oil exports.
The World who works in banking Kadhimiya since more than ten years that he rectify the matter since the start «did not deal in huge amounts, because I learned that there will be pressure and sanctions on the Iranian economy». He expressed regret, saying: «suffered a lot on Iranian visitors because they are simple people who came to Iraq to carry limited amounts of the performance of the visit, but they were surprised by the depreciation of their currency».
In the city of Najaf (150 km) south of Baghdad, where the shrine of Imam Ali ibn Abi Talib, visited by more than two million Iranian year, raises the currency's decline was also the ire of the Iranian exchange shop owners and owners of hotels that rely primarily on in the form of these visitors.
Said Hussein brothers (36 years) who works in the banking company in the city that «the exchange rate is volatile Altoman Iranian problem for us in terms of the difference in the rate of exchange for the buying and selling with other currencies».
For his part, said Uday Albhash (35 years), which owns a shop selling cloth in the main market in Najaf that «item that we sell by a drop of twenty Toman, we sell forty Toman to achieve without any profit».
The Minister of Tourism Iraqi brigade that Sumaisem «landing Iranian currency impact in the form of a slight on the religious tourism, but this did not affect the flow of Iranian pilgrims».
In spite of this, said Khaled Abu Djij (40 years), which is the center of Najaf hotel owner, that «the tourism companies began to record losses and try to compensate by pushing us Baltoman Iran after it was paid in dollars».
He said in reference to the refusal of access to the amounts owed by the Iranian currency «not received sums of tourism companies since the currency drop».
And pay the shortage of hard currency in Iran in which traders try to buy them from external sources, most notably Iraq, which is the volume of trade with Iran exchanged between five and seven billion dollars annually.
In what seemed an attempt to cut off the road on this issue, the Iraqi Central Bank has started this week about the new measures on sales of the dollar, especially on the definition provided for the buyer. These actions have caused a significant decrease in the rates of dollar selling in the auction, hosted by the Central Bank of Iraq every week between Sunday and Thursday, and this week ranged between three and four million dollars, after she was nearly $ 200 million.
The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh said that the reason behind these actions goes back to that «a lot of buyers hiding behind other people, that is not the person who purchases real».
He said that Iraq, which has about $ 60 billion of foreign exchange reserves and pay the price of electricity and fuel, which Iran Isturdahma of the dollar, seen in the recent period «a gift in the demand for the dollar».
And refused to link the «gift» and new procedures, which were accompanied by direct sanctions on Iran, said that «when we saw that there is extra demand amid the complexities of regional, we wanted to check in more sales and the nature of customers».
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