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

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Posted: August 26, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics

Tags: Central Bank of Iraq, Central Bank of Myanmar, Currency, Economy of Iraq, International Monetary Fund, Iraq, Iraqi dinar, Local currency

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.