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The central bank warns of trading "fake foreign papers" and calls for the competent authorities follow-up


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BAGHDAD / Tomorrow Press: 
Iraqi Central Bank warned on Thursday of the existence of fake foreign securities, are traded between the weak people, denying Iraqi banks deal with these papers. 
The central bank said in a statement, "Tomorrow 's Press" received a copy of it, that
" the central bank in recent years, note the trading of foreign banknotes for some countries, some real trader, and some of them drawn from circulation." 
He added that "some foreign counterfeit securities, by some weak souls of outlaws, for the purpose of fraud on the citizens through lure them to replace the Iraqi dinar much more than their real value." 
He noted that "weak people are using pretexts and allegations that the replacement of money is a big gain for them and rare opportunities for investment , " adding that "these (outlaws), they do not have enough time to use the usual ways." 
He explained that "some of these papers may be transferable in accordance with applicable instructions, but the banks operating in Iraq as well as the Central Bank of Iraq do not deal with it." 
He called upon the Central Bank of Iraq to "public and approaching the security and regulatory specialized follow - up of these things and not to deal with those banknotes ,
 " stressing " the need to focus on the Iraqi banknotes and those that deal with the Iraqi Central Bank and the banking system to avoid falling into the traps of law - breakers." 
The Integrity Commission has revealed, earlier last year, from imposing fines estimated at 245 billion dinars by the Iraqi Central Bank to private banks violating the instructions of the currency auction, which confirmed two members of the Parliamentary Integrity Committee, that the funds that have been smuggled through the auction size sell the currency by private banks forged bills equivalent to Iraq 's budget for a year or two.
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Central Bank warns of fake foreign securities trading

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Central Bank warns of fake foreign securities trading

 

27-04-2017 01:28 PM

 

Euphrates -

 

The central bank warned of the existence of fake foreign securities are traded between the weak people, denying Iraqi banks deal with these papers.

The central bank announced in a statement, the Euphrates news subordinate to the central bank in recent years, noted foreign banknotes for some real trader and some trading countries and some of them drawn from the trading.

He added that some foreign papers forged by some weak souls of outlaws, for the purpose of fraud on the citizens through lure them to replace the Iraqi dinar more than its true value Bktar.msheera to  the weak people are using pretexts and allegations that the replacement of money constitutes them big gains and opportunities rare Investment.

He explained that some of these papers may be transferable in accordance with applicable instructions, but the banks operating in Iraq as well as the Central Bank of Iraq do not deal with it.

He called upon the Central Bank of Iraq with the public and approaching the security and regulatory specialized follow-up of these things and not to deal with those banknotes, stressing the need to focus on the Iraqi banknotes and those that deal with the central bank and the banking system to avoid falling into the traps of outlaws.

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Economy News _ Baghdad:
 
 
 
 
Iraqi Central Bank warned on Thursday of the existence of fake foreign securities, are traded between the weak people, denying Iraqi banks deal with these papers.
 
The central bank said in a statement, "Economy News" received a copy of it, that "the central bank in recent years, note the trading of foreign banknotes for some countries, some real trader, and some of them drawn from circulation."
 
He added that "some foreign counterfeit securities, by some weak souls of outlaws, for the purpose of fraud on the citizens through lure them to replace the Iraqi dinar much more than their real value."
 
He noted that "weak people are using pretexts and allegations that the replacement of money is a big gain for them and rare opportunities for investment," adding that "these (outlaws), they do not have enough time to use the usual ways."
 
He explained that "some of these papers may be transferable in accordance with applicable instructions, but the banks operating in Iraq as well as the Central Bank of Iraq do not deal with it."
 
He called upon the Central Bank of Iraq to "public and approaching the security and regulatory specialized follow-up of these things and not to deal with those banknotes," stressing "the need to focus on the Iraqi banknotes and those that deal with the Iraqi Central Bank and the banking system to avoid falling into the traps of law-breakers."
 
 
Views 163   Date Added 27/4/2017 11:00 -   Last Updated 27/04/2017 - 14:45   No. Content 7322
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