Amadarboa coins and dealers fear the Iraqis Altaam Baltoman

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Amadarboa coins and dealers fear the Iraqis Altaam Baltoman the Iranian and Syrian pound .. Altoman loses third of its value against the U.S. dollar

While continuing to value Altoman Iranian influence in the Iraqi market and the application of economic sanctions since the Tehran unprecedented decline against the U.S. dollar and Iraqi dinar, applied the strict instructions of the Central Bank through an auction sale of the dollar as a result of a huge purchase was carried out by the financial parties in favor of Iran and Syria.

Application of international economic sanctions on Iran and Syria recently caused a drop Akiem local currencies of the two countries, according to director of the sun banking beauty Ajili, the price of Altoman has one-third of its value against the Iraqi dinar after that was every thousand toman equivalent to 1100 dinars become a day every 1000 Toman equivalent 700 Iraqi dinars.

As against the dollar was the value of each paper category 1.1 million Toman Toman equivalent to $ 100 today and became worth every 1.9 million Toman equivalent to $ 100, which means that its value fell by almost half. These prices in the currency market in Iraq.

He Ajili that most dealers currency inside Iraq began to fear from dealing Baltoman the Iranian and Syrian pound as it tends now to decline due to economic sanctions, especially since rates of landing in one month is not a little, and the currency speculators, whether Iraqis or foreigners or GCC exploit such opportunities are thus trying all image tarnish the image of a particular currency for a country to begin to reduce its value against other currencies and here are buying huge quantities of them and then raise their hands for it to broadcast propaganda and advertising disinterested to begin to rise, and here are making gains can not be underestimated, and this is what happened with the Iraqi dinar early nineties of the last century when it appeared to decline , and with it the dinar to the Swiss, who he is playing for time, however, the Kurds.

Prices of the Iraqi dinar against the dollar Iraq has also seen volatile during the past two days with lower value of the dinar more than four points, having stabilized the exchange rate and for nearly five years of 1118 dinars / USD has become the exchange rate today 1245 dinars / dollars, according to Ajili goes back on to the application of the Central Bank Iraq’s new mechanism and demonstrate the identity of the requesting person or entity that need hard currency.

He denied Ajili the presence of smuggling large of the U.S. dollar to Iran, and said such news baseless and even if he wanted dealer or two or a thousand dealer out dollars to Iran not Taatadjy overall Akharajathm little amount is not something for the economy overall and the volume of sales at auction the central bank which were up to more than 250 million dollars a day.

He added that the manipulation may occur, but at the level of trade, for example plant and Iran after the deal was Baltoman the Iraqi dinar and the dollar begins to claim his goods interview provided to the Iraqi merchant.

Central Bank of Iraq began this week about the new measures on sales of the dollar, which led to a significant reduction in the rates of selling currency.

The decision comes amid suspicions of Iraqi officials about attempts to Syrian and Iranian traders buy the currency this difficult because of the sanctions imposed on Iran, Syria, and the depreciation of local currency in these two neighboring countries of Iraq.

The deputy governor of Central Bank of Iraq for the appearance of “We started on the first of February, the application of new regulatory instructions stating that the bank knows who wants to get on the dollar for his clients who had asked him to buy the currency.”

He added that the bank’s customers to prove they have personal accounts in which money and have a base of actual information in the bank as well as fixed income. Saleh pointed out that the reason behind these actions goes back to the buyers that a lot of hiding behind other people, buy any of that is not a real person.

The refusal in favor of this resolution linking the consequences of sanctions on Iran, Syria, said that regional factors are important and workers especially Syria and Iran, because there is overlap between the trade of these countries as well as Turkey and Saudi Arabia, the Gulf. He said Iraq has witnessed in the recent “gift in the demand for the dollar.” “When we saw that there is extra demand amid the complexities of regional, we wanted to check more in the nature of sales and customers.”

These measures have caused a significant decrease in the rates of dollar selling in the auction, hosted by the Central Bank of Iraq every week between Sunday and Thursday.

Saleh said he was “on the first day we started the implementation of these measures we sold three million dollars only,” after the sale of these rates of currency during the last three months, “about 200 million dollars in one day.”

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