0% Reduction of Trade Exchange between Irand and Kurdistan

[Carrello]

Reduction of trade exchange between Iran and the Kurdistan Region by 90%

Saturday,

February 4, 2012

Twilight News /

ww.SHAFAAQ.com

Economic sources in the Kurdistan Region, on Saturday, said a decline of 90% of the volume of trade exchange and the market has taken place between the province of Kurdistan and Iran over the last international sanctions on the Islamic Republic.

The head of the Sulaymaniyah Chamber of Commerce Sirwan Mohammed said "the depreciation of Iranian currency against currencies of Iraq and the U.S. dollar has caused a major crisis in the market Kurdistan," explaining that "the price Altoman Iran fell in the beginning of this crisis by 2200 Toman against the U.S. dollar one and settled currently at the threshold of 1800 Toman for one dollar. "

He also explained that "the freezing of assets of Iranian banks, and selling the currency, and the loss of money, as well as the overall process of commodity exchange in dollars between merchants Alchordstanyen and Iranian counterparts were carried out on the basis of mutual trust that has been shaken following the inability of the Iranians for honoring what they have money because of these sanctions , are among the most important reasons for this crisis in Kurdistan. "

The head of the Federation of Exporters and Importers of Kurdistan, Mustafa Abdul Rahman said in a statement to "Twilight News" last week that the low value Altoman Iran against the U.S. dollar hit the market, the Kurdish major setback, noting that the biggest losers are the traders who have business dealings and financial transactions with Iranian traders because they were dealing with these traders instruments. "

Abdul Rahman said that the value of Iranian Altoman fell against the dollar did not significantly Iranian traders could fulfill the value of the instruments on them for the benefit of traders and Kurds remained open and froze, causing significant losses in the rhythm of the market in Kurdistan.

He noted that traders who have had financial dealings with Iranian banks in Dubai, especially bank (Tejarat) and (ms), were also of the losses itself due to the freezing their assets according to the sanctions imposed on Iran, could not these banks also fulfill Bakiem instruments for the benefit of traders Kurds .

[Carrello]

I apologize! My made a typo in the title. The trade reduction is 90%

I'm going to blame it on the Patriots and that last play.

Edited February 6, 2012 by Carrello