Hard currency in the country is subject to attrition due to the deterioration of the Iranian Altoman against the dollar

Financial expert: hard currency in the country is subject to attrition due to the deterioration of the Iranian Altoman against the dollar

Date: 10/02/2012 09:55:18 Tuesday

Baghdad (news) .. Warned financial expert Jalil al-Rubaie, the depletion of hard currency from Iraq after the deterioration of the Iranian currency against international currencies, indicating that the goods Iranian invaded the local markets in order to obtain hard currency to save its currency.
Rubaie said (of the Agency news) on Tuesday: The low exchange rate Altoman Iranian against the U.S. dollar will push Iran to increase its exports to Iraq for the purpose of obtaining hard currency, which will lead to depletion of Iraq for Iran, which will affect the Iraqi dinar exchange rate against the dollar, as happened previously. added: must take the necessary measures to reduce the import of Iran and adjust Iraqi border to prevent the likelihood of smuggling of foreign currency out of the country, and the central bank should take its role in controlling the sale of dollar Bmzadeh that process will lead to increased demand on the U.S. dollar and thus will increase its exchange rate. continued: can not make the deterioration of currencies of countries surrounding Iraq to receive its impact negative on the Iraqi dinar, but we must work to increase the exchange rate of Iraq through activating the productive sectors and dispensing imports foreign goods. witnessing Altoman Iranian decrease its rate against the U.S. dollar as a result of international sanctions imposed on Iran over its nuclear program. / end / 8. d . Q /
Source: ikhnews