Iran exports its products to Iraq heavily for dollar
Iran exports its products to Iraq heavily for dollar
10/08/2012
BAGHDAD / JD / .. Head of the Federation of Merchants and food manufacturers Kuwaiti Abdullah Baijan for asylum Iran to export their products to Iraq to get a dollar, in light of the times collapse Altoman.
said Baijan that continuous reduction of the value of (Altoman) Iranian against the U.S. dollar, has a negative impact and direct the movement of exports Kuwait to Iran, noting that all factories Kuwait exported to Iran had halted its exports completely after falling Altoman to low levels.
added Baijan SMC (home) Kuwaiti that factories Kuwait halted exports to Iran increased by 100% on the impact of significant decline and continued to value Altoman Iranian, in a time when Iran exported its products to Afghanistan, Pakistan, Syria and Iraq, because of the urgent need for the dollar.
said that the impact of low Altoman not stop at stop exports factories Kuwait to Iran, but has spread its influence to include drop Kuwaiti exports to the market Iraqi imports large quantities of products of Kuwaiti paragraph to the presence of Iraqi factories producing.
where will go the Iraqi market to imports from the Iranian market, given the decline rate Altoman, and expect therefore that incurs industry Kuwaiti substantial losses for the foreseeable future due to the decline in exports to Iraq and Iran.
denied Baijan the prices of Iranian products imported into decline, so that the purchase of these products are in U.S. dollars, so the merchant is linked to a specific purchase price and then it can not sell below cost or risk of loss. / end / / 22
Source: dananernews
