Economic Commission Member: Syrian pound deterioration to U.S.D. lead to foreign currency depletion
On: Wednesday 03/21/2012 12:33
Baghdad (news).. Warned a member of the Economic Commission for MP / coalition in Iraq / Nora Albjara process of depletion of the hard currency of the country as a result of the deterioration of the Syrian pound against the dollar, will affect the exchange rate of the Iraqi dinar against international currencies.
The Albjara (of the Agency news) on Wednesday: The low exchange rate of the Syrian pound to the U.S. dollar will lead to the withdrawal of foreign currency from local markets in favor of Syria, as happened recently when the deterioration of Altoman Iran to the U.S. dollar, and this will affect the value of foreign currency in Iraqi markets and the low exchange rate of the dinar against the dollar.
It called for: the importance of taking necessary measures to prevent the occurrence of smuggling foreign currency out of the country through the control of Iraq's border with neighboring countries to reduce the appearance of such cases, in addition to the Central Bank to take a role in controlling the sale of the dollar Bmzadeh fact that the process will lead to increased demand to buy the U.S. dollar.
She Albjara: Can not make the deterioration of the currencies of the countries surrounding Iraq to receive negative impact on the Iraqi dinar, but we must work to increase the exchange rate of the Iraqi currency through the sale of crude oil in Iraqi dinars, as Iran is now selling some of its oil own currency, which saved Altoman Iranian deterioration of the Imam of hard currency.
The exchange rate of the Syrian pound has fallen significantly against the U.S. dollar as a result of political and security problems taking place in all regions of Syria, which has made the U.S. dollar is equivalent to (7.5) of SP. / Finished / 8. For. M /
"we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar" - Dr. Shabibi
“I just did my job...You either get them out alive or you die trying. If you don’t die trying, you didn’t try hard enough." - Marine Sergeant Dakota Meyer, Medal of Honor recipient