Economist warns of the consequences of preventing the sale of foreign currency to the banks of Kurdistan

Economist warns of the consequences of preventing the sale of foreign currency to the banks of Kurdistan

2017/9/28 15:59

Economist warns of the consequences of preventing the sale of foreign currency to the banks of Kurdistan[Ayna-Erbil]
Economist Hamam al-Shamma warned of the results of the implementation of the decision of the Council of Representatives to prevent the Central Bank from selling foreign currencies to banks operating in the Kurdistan region and banks with branches in the region.
He said in a press statement that “this decision is the most severe types of economic blockade, which will touch the life of the Kurdish citizen and impose the condition of starvation because of the reflection on the trade and the supply of goods to the region as a result of the rise of the exchange rate in the parallel market in the region and even in the markets of Iraq in general” .
He called on the “calm” and not to be dragged into escalation and auctions and to put the interest of Iraq above all considerations. ”

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