On: Wed, 25/01/2012 20:49
counting economists and banking experts, the flow of thousands of Iranians in the border areas between the two countries to buy and sell the U.S. currency within Iran that depletion of foreign currency inside Iraq indirectly.
With rejects Iraqi merchants in Najaf and Karbala to do business Baltoman after low value against the Iraqi dinar. collapse Altoman Iranian adviser said the Iraqi Central Bank Mazhar Mohammad Saleh’s (Citizen) that the Iranian currency deteriorate amid international sanctions imposed on Iran, causing inflation, the fact that the sources of the dollar is weak in Iranian banks. He stressed that Iranians flocked to the border areas with Iraq to buy the dollar, gold is an individual behavior or border trade. Saleh continued, but if what has been considered as a request to the phenomenon as the effects of foreign currency that will be reflected heavily on the dollar of what exists in the Iraqi market. Indicating that the demand for the dollar at auction the central bank over $ 300 million. (more…)