Iraq has claimed that it is under a currency attack The central Bank of Iraq has claimed that the economy of Iraq is under currency attack. According to the central bank of Iraq, the currency traders from all around the globe mostly purchase Us dollars in the daily public sales and the sell the Us dollars on the black market in Iran and Syria. And due to this the Iraq is facing a very high currency shortage and the restrictions on Iraq have added more financial pressure for the Iraqi government. It is to be remembered that the demand of the US dollar at the central bank auction has increased to almost 200 to 300 million dollars, over the regular basis and this fact has created a lot of economic and financial pressure for the central bank of Iraq. The governor of the central bank of Iraq, Mudher Salih, expressed his concerns regarding the matter, while talking to the media in Baghdad. He said that things are very confusing and now they are checking all the applications to purchase US dollars, very carefully. He further added that he is very concerned and he is afraid that the matter might be related to money laundering. The Iraq is under a currency attack due to the current regional situation; added, Salih. On the other hand, the Iranian investors are facing troubles in accessing the foreign currencies due to the economic and business sanctions on Iran. On the other hand the Undersectary of the US treasury, David Cohen has also said that the Iranian currency has faced a little decline this month due to the financial and business sanctions on Iran by the US and its allies. David Cohen also told that US is opting to put more pressure on Iran by applying some more sanctions on Iran. Moreover the allies of the United States has said that Iran is producing nuclear weapons and the government of Iran is denying the fact and that’s why Iran should be pressured by such trade and economic sanctions. The case of Syria is not different from Iran. Syria is the regional alley of Iran and the US and some other countries have also put sanctions on Syria as well. These sanctions have really affected the economic condition of Iran and Syria.
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