Looks like this thing is coming full circle, Iraq is saying Syria and Iran are hurting the Dinar, sounds like we are getting close.
Baghdad, April 14 / April (Rn) - approved the Central Bank Saturday that reduced the local currency came because it covers the needs of Syria and Iran of hard currency.
Iran faces a package of economic sanctions against the backdrop of its nuclear controversy while punished several countries Syria because of the suppression of the population claimants to drop the system.
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_said Deputy Governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the problem of declining Iraqi dinar against the dollar back to the reason that Iraq covers the needs of Syria and Iran of hard currency."
The critics who are deputies in the coalition in Iraq have warned of the continued smuggling of hard currency to Syria and Iran and said that it would weaken the value of Iraqi dinar. and yesterday, the dollar per about 1,300 Iraqi dinars, the highest rate since the exchange rate had stabilized at about 1200 dinars to the dollar.
When asked for on the subject of the deletion of zeros, speaking over the phone, "There is agreement government and parliamentary to delete the zeros because they hinder economic development. "
Economic analysts say that the deletion of zeros will not change in anything, but others believe that the deleted supports the strength of the local currency against foreign currencies. Saleh added that "impede development is the amount of money that is supposed to deliver in the central bank to provide liquidity provide financial and the Iraqi dinar. " From: Jafar Allonan. Open: Murtaza Yousuf
[17:53:37] irishrick to papajack: I have been thinking "O" would hold this up till we get closer to the election when so many jobs will be available then he will look like a hero and will be elected again.
[17:54:25] LaGal to papajack:
Can you give us your understanding in short what the article means?
[17:55:46] papajack: irishrick Yes he did, but he's out of it now, so we should see it soon. I heard they are in a hurry to get this done.
[17:57:09] papajack: LaGal Iran and Syria were holding down the value of the Dinar