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CBI calls for gov. to protect currency from "mafia"

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CBI calls for the government to protect the local currency of the "mafias" fraud

26/08/2011 12:09

Baghdad, August 26 / August (Rn) -

A Central Bank of Iraq, Friday, the government of protecting the local currency of the mafias specialized may rigged to block the project for restructuring the currency information disclosed by the government's economic adviser.

He was economic adviser to the Iraqi government Abdul Hussein Al-Anbuge has revealed to the media, local, on Friday the existence of mafias are trying to breach the local currency during the project restructuring carried out by the CBI.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Iraqi government to pursue a claim mafias are trying to exploit the currency restructuring the currency viscous tens of billions of dinars counterfeit" as was disclosed by an economic adviser to the government.

He added that "the central bank does not have the presence of mafias Chan currency because that is a specialty security services and which is supposed Manmmha track and expose such mafia before the launch of the restructuring of the currency."

He explained that "the economic security of the Iraqi government allocated and not allocated from the central bank to draw it only on monetary policy in the country."

The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.

The Iraqi Central Bank announced in June 22 last he decided to restructure the local currency in order to develop the payment system in the country.

And the International Monetary Fund expressed its support for the Iraqi economy in the event of his number of economic measures including the privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq.

The Iraqi government has denied any change in the local currency this year to reduce inflation.

The local Iraqi currency has gone through several changes in its history, most recently in 2004 when the former Governing Council replaced the previous currency, which was the symbol of the former regime.

Jlallonan of Sa: Peace Baghdadi

Edited by jupitergirl
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notice the statement made ----THE IRAQI GOVERMENT HAS DENIED ANY CHANGE IN THE LOCAL CURRENCY THIS YEAR TO REDUCE INFLATION------ anyone have thoughts on this statement...would like to hear them.

That could mean that Maliki is not going to present the plan to parliament until 2012, or that the remainder of the year would be devoted to public education.

That statement started appearing in the articles on June 22, after the plan was first shown to Maliki around June 19.

The CBI includes that sentence in quite a few releases; possibly showing frustration with the GOI not giving the cooperation they expected from them.

There is also a statement that is sometimes used to inform the restructuring will not cause further inflation, but the government is not mentioned.

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