* Dollar trading phenomenon invading Iraqi markets
BAGHDAD – Bashir Khazaal Many trading the U.S. dollar in most commercial transactions within the Iraqi market, especially after 2003, and became easy to be run by any person regardless holdings of U.S. currency in the supermarket or even when the owners Bsttiyat of cigarettes, it is no longer limited to the shops banking, which were approved, the work has At the end of Tsaininiat the last century and the other non-licensed doubled prepared hundreds of times, the owners of the business dealings in import and Altsidirwalakarat and stores of gold and shows sell cars and the rest of the other economic activities carried out most of their transactions in dollars instead of the Iraqi dinar, this is payment of most segments of society to embrace the phenomenon of dollarization, which reached fairly simple transactions in the shopping process, which led to the spread of the owners of Bsttiyat banking on the sidewalks and at entrances to commercial streets scattered throughout the rest of the capital Baghdad and other governorates. Traders In the market for a nice commercial business transactions take place for buying and selling food in U.S. dollars and are of such transactions, either by transfer of funds through banking offices, or direct delivery, which avoids most of the traders because of robbery, theft and robbery taking place between now and then. Hamid Kazem dealer sells large quantities of flour imported to the contractors in the local markets back the cause of his handling of the U.S. dollar instead of the Iraqi dinar, saying: Buy large quantities of flour up to hundreds of tons per month, the price per ton up to (one million and eighty) dinars, the price 100 tons is equal to (one hundred million eight hundred thousand dinars, when we want to pay 200 or 400 tons, will be counting denominations and carry them very difficult for the merchant and required time is not available in commercial transactions that are done very quickly through the book and Alqtoat that are most often through mobile phones , and therefore confined to the trading process on the dollar, which facilitates the process of receiving and delivery, the amount of $ hundred million Iraqi dinars, turn to 90 thousand dollars approximately, and this amount can be easily carried by the merchant. Haji Qasim Rezouki the owner of the distribution of material Alskraly traders secondary reason for the expansion of the phenomenon of the dollar, saying: convert currency from the dinar to the dollar and vice versa may cost us in cumulative losses as a result of difference of exchange, which is remarkable when you exchange large sums of money, a trader buys from the importer dollar and does not accept local currency, in Last week I bought 350 tons of sugar, the price per ton of the Iraqi dinar is 660 000 dinars, the equivalent of 33 000 dinars per bag when put to the consumer, the price inclusive of currency borne by the merchant and the citizen, because when I bought 100 tons, for example price of 65 thousand dollars afford to take a cost-recovery amount of Iraqi currency and converted to the dollar again, which is witnessing a rise and fall slightly sometimes, but it affects the trader because it handles large amounts may not be noticeable in the dealings of the local markets, is not meant here that the Iraqi dinar in the place of mistrust, but rather the contrary, but the limited categories of cash and limited to the category of 25 thousand dinars unfavorable to us as traders easy handling because of the size of the local large Nkhtzelha amounts in U.S. dollars, for convenience.
Banking stores The number of shops banking approved in 1998 in all parts of the capital Baghdad, 360 offices, in that year the government allowed the time the work of this office after he was forbidden to prohibit the consumption of foreign currencies, and a doubling of this figure at present so can not be counted not in Baghdad alone, but in all governorates Iraq to the economic activity and the large financial transactions, especially after the opening of trade on different markets. Hazem Abdul Redha shop owner for banking in the neighborhood of the banks said, we convert the cash Baldolarmen Iraq to countries like Syria, Jordan, Egypt and the Gulf states and vice versa and Nsthsal fee simple does not exceed forty thousand dinars for each (Book) (ten thousand Dolaramirka), shall be deposited the amounts we have in exchange for receipts received , and we convert the Iraqi currency to the dollar for the beneficiary can be dealt with abroad, mostly the deposit amount in dollars to avoid the difference of exchange, especially in large amounts. He explained that the appetite for the dollar continues to increase so that some of the staff and other professionals have become remit their savings to the U.S. dollar, rather than the dinar increase in security despite the exchange rate stability and the strength of the Iraqi dinar, which began to regain confidence gradually through our monitoring of the market, and at times rises dollar exchange rate due to the increase in demand for the deal most of the local market currency, the U.S., even butcher or fishmonger or restaurant owner accept to pay him the dollar, and sometimes exceed dealing Baldolaraly the dinar, and this causes confusion and in multiples of the national currency and reduces the moral worth when the Iraqi citizen.
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