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Parliament is likely to decrease demand for the dollar
Date: Thursday, 09.08.2012 6:16
Baghdad / range
most likely a member of the Committee on Economics in the House of Representatives Qusay Juma, a decline in demand for dollar in the domestic market during the coming period due to the cessation of trade between Iraq and Syria and Iran, because of the political crisis with what the two countries. Juma said that bilateral trade between Iraq and the states of Iran and Syria, semi-disabled because of what these two countries is witnessing political and security situation is unstable and difficult to transport goods to and from Iraq,
What will drive to the stability of the exchange rate of local currency due to lack of demand for dollar in the market. He added that the increased demand for dollar in the local markets during the last period came through traders Iranians and the Syrians who go to the Iraqi market and buy the U.S. dollar in Iraqi dinars, as well as by injecting large quantities of goods versus drain of hard currency, which increased the dollar exchange rate against the dinar.
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