Vice-Presidents: the phenomenon of Exchange using counterfeit currency difficult economy large losses.. It must be fought

[alan_coaks_3]

5 - 6 - 2012

Baghdad (News)/report/Hussein Faleh/... Emerged in recent serious phenomenon of gangs specializing in replacement of hard currency in the country with forged Iraqi currency, "fake", and this aroused a number of parliamentarians in financial and economic committees, exacerbate this phenomenon and its negative impact on Iraq's economy.

They warned in interviews (News Agency news) of exploiting neighbouring countries political situation stable in Iraq by others introduction of counterfeit currency and replace them with currencies difficult "dollar" for their own benefit.

He had revealed some exchange offices in Baghdad and the southern governorates on the emergence of forged Iraqi currency category (10) thousand dinars in large quantities, which specialists believes that category (10) thousand dinars easy fraud among other categories of local currency.

So says Economic Committee decision on Prosecutor's Kurdish blocs Coalition//mohama Khalil specialized gang must fight against the counterfeiting of currency, identifiable and where it comes from those currencies into Iraq, being a dangerous phenomenon threatening the country's economic security.

Added Khalil (News News Agency): in the absence of stringent action against fraudsters currency will incur significant losses of the Iraqi economy through drain hard currency "dollar" and the proliferation of counterfeit currency inside the country.

Counterfeit currency phenomenon is one of the most serious phenomena on the national economy and economic crimes which are punishable by law.

Noted: that the Iraqi environment is not attractive to foreign currency because of the unstable political situation in the country which made the neighboring dares and take steps towards destroying the Iraqi economy through fake currency entered and optionally its dollar to laiakhz Iraq its positions and economic actor in the region.

And approved by the Iraqi Central Bank Governor Sinan Al-Shabibi earlier existence of counterfeit currency in circulation by Iraq are limited, asking the House to approve Bill zeros out Iraqi dinars, i.e. delete the three zeros from the current currency and replaced by his more sedate tamper.

Several provinces were, including Karbala, Najaf and Babil and Wasit, Sulaimaniya and Baghdad witnessed during recent months to adjust amounts of counterfeit currency, local authorities also arrested the County gangs specializing in counterfeiting and fraud promoted to citizens. Press reports indicated the existence of specialized presses with counterfeit currency in several areas of the capital Baghdad.

Member of the Finance Committee of the Iraqi coalition MP//Ibrahim Al-mutlaq that phenomenon into counterfeit currency by neighbouring States and replace them with currencies would lead the country to economic disaster is difficult to avoid.

According to Al-mutlaq (News News Agency): US dollar trends in the State indefinitely but just sold at auction, the Central Bank without knowing the direction is gone is to invest or to smuggling or to import from abroad, calling purely direction both within the country or abroad by the authorities concerned.

Called security actors need to take turn towards the prosecution who enter such funds through control of border crossings to reduce the gravity of the national economy.

It is noted that the Ministry of the Interior reported in recent days arrested a number of persons from the Iranian citizenship in southern Iraq with a quantity of forged Iraqi currency, as well as other phenomenon to replace hard currency Iranian currency through Iranian visitors coming to holy sites as well as their men on the Iran-Iraq border, where finds the Iraqi economy specialists that the phenomenon of currency substitution "dollar" the Iranian currency is illegal, but is a smuggling hard currency around the country, supposedly fought by those Security, adding: that is not an Iranian currency, to their departure from the country fellow. This phenomenon has affected the value of the dollar in Iraq, and increased demand for buy it before the Central Bank auction.

The US dollar is sharply and unprecedented in its value before the Iraqi dinar during the current period.

Except Financial Committee member National Alliance Deputy//Abdul Hussein Al-yasseri: currency substitution phenomenon in Iraq with fake currency with "high risk" on the Iraqi economy, calling fought to save the national currency from degradation.

Al-yasseri referred (News News Agency) to: political divisions and conflicts in Iraq during the current period played a key role in destroying the national economy and the Iraqi dinar, which made the Government preoccupied with political problems, leaving important things and gave the domain to the Outlaws of neighbouring States to capture the Iraqi currency and difficult pumping large quantities of counterfeit currency into the country.

He suggested Al-yasseri: use of allergic eye to currencies in all Iraqi banks and exchange offices and even shops for counterfeit currency and arrest known traffickers.

The Central Bank of Iraq had made adjustments to the systems sold the dollar at auction, because traders and banking offices to eject large amounts of dollar to Iran and Syria, which applied the right to economic sanctions have led to a deterioration of local currencies globally, as the Central Bank of Iraq to claim your banks documents proving the need for hard currency.

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[zigmeister]

They love to talk about the funny money with allergic eyes.

[alan_coaks_3]

yes

[leesburg]

ya ya ya .. it must be fought .. auh huh ....

you would think they would be advertising pictures of counterfit dinars .. if there is any .. when was the last time any one saw a picture of counterfit money in iraq ?

one would think the media in iraq would show the public what to watch out for .. what these fake notes they say they are finding look like .. so everyone knows .. but instead all i ever see is articles about counterfitting .. sounds like someone is doing the counterfitting from the inside .. and dont want to be caught ,,., so they just inform everyone so when they lose value on their dinars no one will be suprised .. .. so who keeps finding all these notes .. the banks ?

we all know bankers are legit

[zigmeister]

They talk about counterfeiting, Shabs says its not as extreme as the articles make it out to be. He says not anymore funny money in Iraq as there in other nations.