On: Sun 02/12/2012 15:07
Landing a sudden and unprecedented rate Altoman Iranian currency Alsoeria (pound) against foreign currencies, especially Ataralammeraki, led to the influx of thousands of Syrians and Iranians to Iraq to buy U.S. currency and sell them within Iran and Syria, in order to obtain a profit on the black market, which has become the first reference for the pricing of currencies the two countries against foreign currency, all of this came one result, which float the currency in neighboring countries, a result of exposure to the economic sanctions (Al citizen) had a stand with a number of specialists in economic affairs and was the first speaker.
member of the Economic Commission Abdul Hadi al-Hassani, known as “floating , as an economic mechanism, based on making the exchange rate of the local currency against other currencies, floating on the waves of fluctuations in supply and demand in the market. He said Hassani, “that the protection of the money Iraq are the responsibility of the state as the financial sector, to cooperate with the State on prevent the smuggling of Iraqi funds in this direction. He stressed: “that the process of buying the dollar in Iraq will show the currency to an imbalance in supply and demand, leading to the loss of the Iraqi dinar against the dollar, Iraq, he has to protect his money from this collapse. (more…)