Economic Commission: front companies for the low Saraf of the Iraqi dinar against the dollar

Saturday, May 19, 2012 15:29

BAGHDAD / Baghdadiya News / .. warned the parliamentary Economic Committee, on Saturday, the continuing decline of the Iraqi dinar exchange rate against the dollar, is likely the cause of the decline to the existence of companies regardless bills are fake.

The MP said the Committee Abdul-Abbas estrus Agency / Baghdadiya News /, “After my visit to the UAE at the invitation of companies and traders and that the essential aim of research on the causes of low exchange rate of the Iraqi dinar against the dollar shows that the bills are about exchange remittances are all fake a company can join the bill $ 100 million or 200 million which is an easy process. ”

The estrus that “the Commercial Attaché in some countries are to ratify the bills without verifying the nature of the goods are paid against which invoices Finance”, as well as exchange Central Bank of Iraq for the money without making sure of the arrival of these goods, and this is why Iraq is losing every day approximately 10 million wasted in the pockets of the corrupt. “

He stressed the need for estrus to the central bank to non-payment of any sum Wire without there being the fact that the goods entered the customs according to the needs of Iraq and Iraq and have official receipts. “

Saw the Iraqi dinar exchange rate against the U.S. dollar, despite Iraq’s vast oil revenues, to reach its value in the month of April, to 1.320 Iraqi dinars per dollar.

It is likely Economists reasons for this decline that is not just about the monetary policy of the Iraqi government, but due to political developments in the Middle East, too, under Western sanctions imposed on its neighbors Syria and Iran as Iraq’s only outlet for these two countries to get on the dollar and the recovery Ahtaatiehma monetarist it. Finished / u . P