Economist: increasing demand and the situation of neighboring countries raised the prices of gold and hard currency

02/14/2012 | (Voice of Iraq) - Add Comment - Baghdad (news) attributed the economic expert as beautiful reasons for the high dollar and gold prices to increase demand in local markets and economic weakness in the country, noting that the imposition of sanctions on Iran and Syria have made gold markets and the dollar is not balanced. Jameel said in a statement (of the Agency news) on Tuesday: The increase in demand for the dollar in large quantities and which led to the high price of gold and the dollar a great extent along with sanctions on Syria and Iran, which affected the economic side of the country. and pointed to: that there are reasons both internal and external to the increased demand on the dollar, there are exploitation of the sanctions imposed on countries in the region, causing disturbances lead to higher gold prices and the dollar. mentioned: that the Iraqi traders in the provinces of Najaf and Karbala, refuse to do business in Iranian now leading to vibrations and after dramatic decline of its exchange rate against foreign currencies in order to obtain a profit on the black market, which has become the first reference for the pricing of Iranian Altoman against foreign currency.

Read more: