Thursday, April 19, 2012

Member of Finance Committee: hard currency smuggling in several ways .. most notably the offices of remittances

Thursday, 04/19/2012

Baghdad (news) .. A member of the Finance Committee MP / coalition in Iraq / Ibrahim al-Mutlaq, there are several ways to drain the hard currency of the country, due to the weak government's control over border crossings, which led to increase the value of the dollar against the dinar.
Mutlaq said (of the Agency news) on Thursday: The government should move towards the border crossing points and impose full control and monitoring of the round-trip commercial flights, to prevent the smuggling of foreign currency to neighboring countries, and the introduction of contraband into the country.
He added that the hard currency "dollar" out of the country, inter alia, made through the offices of orders approved and a section of them go out through the business processes and import of materials, and the way the other the introduction of coins forged Iraqi from Iran and is replaced by the dollar, and this phenomenon in the case of continuation would threaten the Iraqi economy The local currency collapse.

He pointed to: that these processes caused by raising the price of the dollar against the Iraqi dinar, will affect the Iraqi economy and the development of ordinary citizens by increasing prices in local markets. / Finished / 8. D. Q

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