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Iraq is exposed to an attack on Amlath Dolarath difficult because of the flow to Syria and Iran
SATURDAY, 14 DECEMBER / 2 JANUARY 2012 22:56 HITS: 4
N the Central Bank of Iraq is under attack on Amlath difficult, since the traders are buying the U.S. dollar in the daily auctions and sell on the black market in Iran and Syria, which are facing a shortage of hard currency because of the sanctions.
The deputy governor of the Central Bank, the appearance of favor, the station Bloomberg TV U.S. The demand for the dollar in the auction the central bank has increased since November to about $ 200 million and 300 million dollars a day, compared with about $ 160 million in the previous 12 months.
Salih said, "Now we are checking of applications to buy the dollar auctions on more closely we are afraid to be some buying related to money laundering, "explaining," We are being far to attack currencies because of the situation in the region. "
The Undersecretary of the U.S. Treasury Secretary David Cohen, said earlier this month that the Iranians are having difficulty in obtaining foreign currency due to the low their currency. According to the Mehr news agency reported that Iranian currency weakened this year, having prepared the United States and its allies a new package of sanctions could include a ban on export of oil. Also imposed the United States and European and Arab countries some sanctions on Syria, which according to specialists on oil revenues will be affected because of the ban imported by European countries, leading to a lack of currency difficult.
He believed that the benefit of the high demand for the dollar "is not in the interest of the Iraqi economy, as it will absorb foreign exchange reserves. " He added that the foreign exchange reserves in Iraq reached $ 60 billion this year, the largest in its history.
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SATURDAY, 14 DECEMBER / 2 JANUARY 2012 22:56 HITS: 4
N the Central Bank of Iraq is under attack on Amlath difficult, since the traders are buying the U.S. dollar in the daily auctions and sell on the black market in Iran and Syria, which are facing a shortage of hard currency because of the sanctions.
The deputy governor of the Central Bank, the appearance of favor, the station Bloomberg TV U.S. The demand for the dollar in the auction the central bank has increased since November to about $ 200 million and 300 million dollars a day, compared with about $ 160 million in the previous 12 months.
Salih said, "Now we are checking of applications to buy the dollar auctions on more closely we are afraid to be some buying related to money laundering, "explaining," We are being far to attack currencies because of the situation in the region. "
The Undersecretary of the U.S. Treasury Secretary David Cohen, said earlier this month that the Iranians are having difficulty in obtaining foreign currency due to the low their currency. According to the Mehr news agency reported that Iranian currency weakened this year, having prepared the United States and its allies a new package of sanctions could include a ban on export of oil. Also imposed the United States and European and Arab countries some sanctions on Syria, which according to specialists on oil revenues will be affected because of the ban imported by European countries, leading to a lack of currency difficult.
He believed that the benefit of the high demand for the dollar "is not in the interest of the Iraqi economy, as it will absorb foreign exchange reserves. " He added that the foreign exchange reserves in Iraq reached $ 60 billion this year, the largest in its history.
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