Sunday, May 20, 2012

Rapporteur of the Finance Committee: the phenomenon of smuggling foreign currency due to ongoing border control

Sun 20/05/2012
 
It is noted that the exchange rate of the Iraqi dinar is witnessing a big increase against the U.S. dollar in recent times as a result of internal and external factors. / Finished / 8. D. Q /
 
Baghdad (news) .. Affirmed the decision of the Finance Committee MP / coalition in Iraq / edited by electrodes persistence of hard currency smuggling to neighboring countries because of government's inability to complete control of the border.
Said electrodes (of the Agency news) said on Sunday: The regional changes and the difficult circumstances being experienced by some of the countries surrounding Iraq Kdavlata Iran and Syria have made them turn to smuggle hard currency from Iraq for depleted to their advantage and save their economies and their currencies from degradation.

He added that the phenomenon of smuggling currency is still ongoing in the country and the federal government bear the responsibility because it fails to impose full control over border crossings to prevent the currency smuggling to neighboring countries, which led to the inability of the central bank to recover the exchange rate of the dinar against the dollar.

It is noted that the exchange rate of the Iraqi dinar is witnessing a big increase against the U.S. dollar in recent times as a result of internal and external factors. / Finished / 8. D. Q /