An expert sets one condition related to Iran that "the exchange rate will not fall without it"[You must be registered and logged in to see this link.] |Today, 16:2[You must be registered and logged in to see this image.]
Baghdad today - Baghdad
Today, Thursday, economist Nabil Al-Marsoumi stressed the difficulty of declining commodity and food prices after their rise, at a time when the country is witnessing economic fluctuations with regard to its economic relations with other countries.
Al-Marsoumi told (Baghdad Today) that "at a time when the government reduced the exchange rates of the dollar, the prices of commodities and foodstuffs remained high," noting that "the cheap dollar has become an easy target for smuggling to other countries."
He added, "After a period of 7 months has passed, a big problem has arisen in Iraq, which is the large volume of trade with Iran, as the country imports goods worth $10 billion, at a time when these amounts were settled with Iranian merchants through Emirati banks."
However, he added: "But after the application of the electronic platform, it became settled through cash dollars, so the smuggling of dollars appeared."
He pointed out that "if a new mechanism is not implemented with the approval of the United States on how to deal with Iran, this difference in the exchange rate of the dollar will continue."
It is noteworthy that the Iraqi market is the second trading partner market with Iran after China, with a growth rate of about 20% compared to last year, as Iran's net exports of non-oil commodities amounted to 61 million and 283 thousand tons during the past seven months.