Deputy: demand for the dollar will decline..and will contribute to the stability of the exchange rate of national currency

Deputy: demand for the dollar will decline as a result the situation of Syria and Iran, and will contribute to the stability of the exchange rate of national currency

Dated: 08/08/2012 10:11:32 Wednesday

Baghdad (news) .. Most likely a member of the Committee of Economy and Investment MP / coalition in Iraq / Qusay Juma, a decline in demand for dollar in the domestic market during the coming period due to the cessation of trade between Iraq and Syria and Iran, because of the political crisis with their two countries.
Juma said (of the Agency news) today Wednesday: The trade between Iraq and the states of Iran and Syria, semi-disabled because of what witnessing these two countries, security conditions and political unstable and difficult to transport goods to and from Iraq, what will drive to the stability of the exchange rate of local currency due to lack of demand for dollar in the market. He added: that the increased demand for dollar in the local markets during the last period came through traders Iranians and the Syrians who go to the Iraqi market and buy the U.S. dollar in Iraqi dinars, as well as by injecting large quantities of goods versus drain of hard currency, which increased the price of the dollar against the dinar . / Finished / 8. d. Q /
Source: ikhnews