|Video: fears of decline in the value of the Iraqi dinar with attempts to smuggle the dollar to Iran|
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Four hundred million dollars, is the number that was smuggled into Iran after being pulled out of the market daily trading in legitimate ways within a few days, this was revealed by official sources in the Iraqi government, stressing that it is not difficult to smuggle or take out with an estimated border area by one hundred and three hundred Km of the common border which is considered open between the two countries. [You must be registered and logged in to see this link.]
According to press reports, many Iraqis used mules to transport thousands of dollars to Iran to avoid laws regulating the amount of money that can be taken out of the country
According to this figure, observers see the economic situation that the Iraqi dinar is in danger after the decline in the value of cash due to the rise of the dollar, which began to increase demand in the Iraqi market, where many of the commentators said that the turnout of the dollar increased in the past days by people or Financial companies have close ties to Tehran , pointing out that the dollar withdrawals are increasing from Baghdad , Erbil , Sulaymaniyah, Najaf , Basra and Karbala as the richest provinces in Iraq in terms of acquisition of huge liquidity.
According to these data, economists stress the need for firm action by the government in cooperation with the central bank, including determining the amount of dollar can be sold to companies or persons and the establishment of a database for each person who buys the dollar and where it is headed or its spending to maintain the price of the dinar and prevent Its collapse under new variables.
The value of the Iraqi currency fell from one thousand and two hundred dinars against the dollar last Sunday to one thousand and two hundred and ten dinars currently, after a long stabilization witnessed by the Iraqi currency against the dollar by a policy adopted by the Central Bank of Iraq early this year, while observers believe that increasing the purchase of the dollar will lead to a shortage in the market and thus affect Negatively on the dinar, and if the situation continues for long periods may decline significantly local currency to reach one thousand and three hundred Iraqi dinars per dollar.