Lifting sanctions on Iran contributes to revive the Iraqi market



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BAGHDAD / Economy News …

Iraqi believed involved in economic affairs, that the lifting of the economic embargo on Iran could lead to investment results provided in terms of increasing the presence of Iran’s economic activity in the Iraqi market and the possibility of benefit in raising the frequency of the contribution of Iranian companies operating in Iraq.
The experts stress that what is said about the release of large amounts of frozen Iranian funds will contribute greatly to the revival of the Iranian Altoman exchange rate against the dollar, which will have an impact on the Iraqi economy due to the large size of the commodity exchanges happening between the two countries.
They point out that the geographical and historical neighborhood factor between the two countries will be an assistant in the benefit broad sectors of the two countries from rising incomes, where the Iranians promotes religious tourism development between Iraq and Iran, which is a reliable responsible for tourism companies. He said that a lot of active companies in this field to prepare itself for a new phase of activity after a period of stagnation that prevails in the hotel sector, especially in the provinces of Karbala and Najaf.
The attention of the Director of «Barcan» bank branch in Baghdad, Mr. Amir, in a statement to «life», to the importance of the security environment, which helps in providing better services to customers after increasing the number of branches of Iranian banks operating inside Iraq provide.
Experts find that the expected shift in the Iranian economy will have positive repercussions on the Iraqi productive sectors suffer from the decline in activity and thus would rebound on the Iranian commodity production account.
He says economist Muhammad Sharif Abu Mayssam, if costs rise in Iranian production sectors, which is found in the Iraqi market, a large window for marketing their products and contributed greatly to the dumping policy that have hindered the growth of the real sectors in the country, will contribute to raising the sale of its products in Iraq, the price of more than prospects of lower demand for these commodities, and pushes in the direction of search for local alternatives to satisfy the needs of the market and thus supports local producers and facilitate the task of the government’s drive in support of the private sector.
He predicted that the resort Iranians producers who Genoa huge sums of money marketing their products in Iraq, to ​​enter the Iraqi labor market and investment to reduce the cost of production, marketing and ensure the continuation of the domination of a large segment of consumers, which will help provide more jobs for the unemployed to work.
The lifting of the ban on Iranian banking sector, will ease pressure on the Iraqi market, which has seen an increased demand for hard currency Iranian traders who have contributed to the fluctuation of the dollar’s exchange rate against the Iraqi dinar as a result of the growing demand for hard currency to finance their external trade, as well as prospects for the low activity rates tourism from Iraq to Iran, which has seen a dramatic rise over the past years, due to rising incomes of the middle class and the decline of the Iranian Altoman exchange rate against the dollar, which would mean a decline in the money supply flow from Iraq to the Iranian market rates.

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