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Reductions in the Iraqi currency first results: Iran smuggling foreign currency out of Iraq .. And gold bleeding

06/02/2012 10:42



"Gate of Iraq" the central bank of Iraq for the Iraqis surprise upset when it appeared that there was smuggling hard currency from Iraq to Iran.

According to the information available, the Central Bank of Iraq was pumped in the local market of 80 million to $120 million per day at 1117 Iraqi dinars to the dollar, but he was surprised that sales of foreign currency rose to 300 million dollars a day, an amount more than double the need for the Iraqi market, which means that there was smuggling of foreign currency.

And soon discovered that the central bank are smuggling to Iran, especially after the imposition of international sanctions.

And took the governor of the Iraqi Central several measures to curb it, including raising the price of the dollar up to 4% to 1120 dinars, with the narrowing of the purchasing power of Iraq.

At the same time, the Iraqis revealed another problem related to the Iranians to buy gold from the Iraqi market, which he described as Iraqi officials hemorrhage gold in the provinces, especially those in which the holy shrines and visit the Iranians.