* CBI: High price of the dollar caused by restrictions on international financial some neighboring countries
Iraqi Central Bank attributed the rise in the dollar exchange rate and high demand in Iraq to the financial constraints on some neighboring countries.
The central bank adviser said the appearance of Mohammed Saleh told all of Iraq [where] said on Monday that “the Central Bank observed in the month of December of last year 2011 increase in the demand for the dollar at the auctions of Finance held by the bank and after review and identify the reasons found that this increase is not motivated domestic economic conditions, but as a result of regional surrounding Iraq from neighboring countries east and west. “
“It is known that the banking Amuallamlat in some neighboring countries of Iraq, cut off at the present time in its dealings because of international sanctions and international isolation imposed on it. In reference to Iran and Syria.
Saleh continued that “the central bank indulgent at selling the U.S. dollar, although for this increase because the Iraqi dinar fully covered [100]% in dollars but the problem lies in the lack of economic benefit to Iraq in the event of dealing internationally,” adding that “the Central Bank watching the process closely and it is in constant review and scrutiny of the sales volume in the auction of foreign currency out of fear that afflict the matter of money laundering or the smuggling of Iraq, especially as the exhibition of terror attacks and security, economic might affect the economy of the country. “
The auction witnessed the release of the Iraqi Central Bank just before the U.S. withdrawal a significant increase in sales of foreign currency, especially the dollar, in turn, decreased the value of the Iraqi dinar against other currencies.
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