Thursday, April 12, 2012 09:50

Mutaiota: There is a smuggling organization of hard currency caused a decline in the Iraqi dinar

BAGHDAD / Baghdadiya News / .. MP on the mass of patriots Fri Mutaiota today, Thursday, that the reason for the low exchange rate of the Iraqi dinar is due to smuggling

Hard currency from Iraq to neighboring countries.

He's Mutaiota / Baghdadiya News / "The reason the price of the U.S. dollar compared to the Iraqi dinar is due to the smuggling of foreign currency from Iraq to the outside of the country by some traders."

He continued that "neighboring countries, specifically Iran and Syria were exploiting traders in order to smuggle the dollar to it," pointing out that "the cause of smuggling is the lack of control over the Iraqi border, open from all sides." And witnessed the exchange rate of the Iraqi dinar against the dollar a significant decline, raising concerns many economists and invite them to fix things by encouraging the entry of capital and investment to Iraq. "Finished /