Central Bank of Iraq shows warnings about counterfeit currency

[molly48]

28.09.2010

Mohammad Karim

Confirmed that the Central Bank of Iraq launched by the recent warnings regarding the presence of large quantities of counterfeit currency in Iraqi dinars and U.S. dollars are currently traded in the domestic market "does not reflect the emergency situation experienced by the Iraqi economy," as the image of some media reports during the past two days.

The bank adviser appearance of Mohammed Saleh told private Radio Free Iraq that the World Bank as the country's top monetary indicates the continued presence of large quantities of counterfeit currency rates that are "care should be taken" of the total money supply in the general bank and the public.

He noted the benefit that the central bank to "deal firmly" with the banks in this regard as "clients" and provides the security of working against economic crime, including information that has as part of its ongoing cooperation with those authorities.

At the time when the central bank adviser to favor the appearance that the crime of counterfeiting currency is synonymous with and complementary to the crime of money laundering, he explained

Legal expert black Almnhdi that the Iraqi legislature "sign jail for 10 years minimum against the perpetrators of counterfeit currency can be up to the end of the death penalty."

For his part, warned an economist Salem Jibouri of the negative effects left by the counterfeiting of currency and circulation in the local market on the Iraqi economy in general "as it loses the local traders and foreigners alike confidence in the local currency means lower rate of trade exchange which does not result in the end only to a rise in the rates of inflation are difficult to treat.

[molly48]

28.09.2010

Mohammad Karim

Confirmed that the Central Bank of Iraq launched by the recent warnings regarding the presence of large quantities of counterfeit currency in Iraqi dinars and U.S. dollars are currently traded in the domestic market "does not reflect the emergency situation experienced by the Iraqi economy," as the image of some media reports during the past two days.

The bank adviser appearance of Mohammed Saleh told private Radio Free Iraq that the World Bank as the country's top monetary indicates the continued presence of large quantities of counterfeit currency rates that are "care should be taken" of the total money supply in the general bank and the public.

He noted the benefit that the central bank to "deal firmly" with the banks in this regard as "clients" and provides the security of working against economic crime, including information that has as part of its ongoing cooperation with those authorities.

At the time when the central bank adviser to favor the appearance that the crime of counterfeiting currency is synonymous with and complementary to the crime of money laundering, he explained

Legal expert black Almnhdi that the Iraqi legislature "sign jail for 10 years minimum against the perpetrators of counterfeit currency can be up to the end of the death penalty."

For his part, warned an economist Salem Jibouri of the negative effects left by the counterfeiting of currency and circulation in the local market on the Iraqi economy in general "as it loses the local traders and foreigners alike confidence in the local currency means lower rate of trade exchange which does not result in the end only to a rise in the rates of inflation are difficult to treat.

http://www.iraqhurr.org/archive/news/20100928/1093/1093.html

same place I get all my news....good site