Jubouri: There are recommendations made by the Finance Committee to set controls for the dollar exchange

[Sweetybird]

Jubouri: There are recommendations made by the Finance Committee to set controls for the dollar exchange

Posted: March 16, 2012 in Iraqi Dinar/Politics

Tags: Council of Representatives of Iraq, Currency, Economy of Iraq, Finance Committee, Iraq, Iraqi dinar, United States dollar, United States Senate Committee on Finance

Friday, March 16 / March 2012 07:25 | Author: Mustakbal | | |

BAGHDAD / With: A member of the Finance Committee in the Iraqi parliament Haitham Jubouri that there are recommendations made by the Committee to set controls for the dollar exchange indicating that the process of the dollar must be based on the needs of the country to import the necessary materials and according to the mechanisms can not be through the diversion of the hard currency of the country to the countries affected economically.

He Jubouri, the reporter and the news agency the future, on Friday, said: “Some two billion U.S. dollars is the amount of money smuggled out of Iraq over the past month to neighboring countries after the sanctions were imposed economic”, adding that “the smuggling of currency this has contributed to and are to a large fall in the price of the Iraqi dinar against the value of the U.S. dollar which will lead to the collapse of the Iraqi economy. “

The non-official sources confirmed the existence of the smuggling of foreign currency from Iraq towards other countries.

http://bit.ly/y3zMOl

[BradyBear]

Sounds like a smart move to force countries to start buying

Iraq Oil with Iraq Dinars, that would stop people from running out of Iraq with

US Dollars thus messing up the Iraq economy and at the same time seriously

raising the Dinars value, there in forcing an RV.

[lettuce]

That would be a very smart move, now if they can start to do something instead of all this talk, that would be even greater!

[unirod]

What I get out of this is what countries they are not mentioning Iran & Syria. They are especially the countries who are economically effected and sucking up USD from Iraq. Can Iraq get whatever materials they need from other countries besides those two? I would think so..