Trade traders and companies accused of emptying the country of the dollar

Trade traders and companies accused of emptying the country of the dollar

Between Trade Minister Hassan Khairallah the presence of traders and local and foreign companies working to dump the dollar from the local market through forged documents.

Hassan said, according to (Rn) that there are merchants and local and foreign companies has been working to clear the domestic market of the dollar through forged documents by those companies that resort to the claim by giving the Central Bank of the dollar against the importation of fake goods and to the country, “

He noted, “revealed a similar attempt two days ago was aimed at the output sum of one billion and 642 million dollars out of Iraq by a group of traders and a number of UAE companies. Hassan added that efforts to dump the market of the dollar meant to raise the value of the dollar against the dinar, pointing out that the step of would raise the prices of materials and consumer goods in Iraq, which will reflect negatively on the lives of citizens.

The currency market experienced during the past few months, the appreciation of the U.S. dollar against the dinar, which caused confusion for traders and citizens and commercial traffic in the country alike. And mission of the Iraqi Central Bank is to maintain price stability and the implementation of monetary policy, including exchange rate policies and management of reserves of foreign currency and the organization of the banking sector

 

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