Rapporteur of the Finance Committee: the phenomenon of smuggling foreign currency due to ongoing border control
On: Sun 20/05/2012 13:57
Baghdad (news) .. Affirmed the decision of the Finance Committee MP / coalition in Iraq / edited by electrodes persistence of smuggling hard currency to neighboring countries because of government’s inability to complete control of the border.
said electrodes (of the Agency news) said on Sunday: The regional changes and the difficult circumstances being experienced by some of the surrounding countries Iraq Kdavlata Iran and Syria have made them turn to smuggle hard currency from Iraq to the depletion of their interests and to save their economies and their currencies from degradation. He added that the phenomenon of smuggling currency is still ongoing in the country and the federal government bear the responsibility because it fails to impose full control over border crossings to prevent the smuggling of currency to countries neighborhood, which led to the inability of the central bank to recover the exchange rate of the dinar against the dollar. It is noted that the exchange rate of the Iraqi dinar is witnessing a big increase against the U.S. dollar in recent times as a result of internal and external factors. / Finished / 8. d. Q /