Member of the Economic Commission: the deterioration of the Syrian pound to the U.S. dollar will lead to the depletion of foreign currency from Iraq

3/21/2012 | (Voice of Iraq) - Add Comment - Baghdad (news) warned a member of the Economic Commission for MP / coalition in Iraq / Nora Albjara process of depletion of the hard currency of the country as a result of the deterioration of the Syrian pound against the dollar, what will affect the price exchange the Iraqi dinar against international currencies. said Albjara (of the Agency news) said on Wednesday: The low exchange rate of the Syrian pound to the U.S. dollar will lead to the withdrawal of foreign currency from local markets in favor of Syria, as happened recently when the deterioration of Altoman Iranian imam of the U.S. dollar, and this What will affect the value of hard currency in the markets of Iraq and the low exchange rate of the dinar against the dollar. and called for: the importance of taking necessary measures to prevent the occurrence of smuggling foreign currency out of the country through the control of Iraq's border with neighboring countries to reduce the appearance of such cases, in addition to the bank Central to take a role in controlling the sale of the dollar Bmzadeh fact that the process will lead to increased demand on the U.S. Dollar. She Albjara: Can not make the deterioration of the currencies of the countries surrounding Iraq to receive negative impact on the Iraqi dinar, but we must work to increase the exchange rate of the Iraqi currency through the sale of crude oil in Iraqi dinars, as Iran is now selling some of its oil in local currency, which saved Altoman Iranian deterioration of the Imam of hard currency. noteworthy that the exchange rate of the Syrian pound has fallen significantly against the U.S. dollar as a result of political and security problems taking place in all regions of Syria, which made ​​the U.S. dollar is equivalent to (7.5) for the SP.

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