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) said on Wednesday: The trade between Iraq and the states of Iran and Syria, semi-disabled because of what witnessing these two countries of 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 to buy the 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 dollar exchange rate against the dinar.



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