Money and Economics experts warn the counterfeiting of currency and financial corruption during the process of deleting zeros

[BondLady]

Money and Economics experts warn the counterfeiting of currency and financial corruption during the process of deleting zeros

Date: Monday 26-09-11 12: 55 pm

Baghdad (News)/report/SAFA Al-Tai/...A number of financial experts warned the economy of the counterfeiting of currency and corruption during the process of deleting zeros, excluded that accompanied the process of money laundering.

They said in interviews with (News News Agency): some outsiders trying to tamper with the Iraqi currency and influence on the Iraqi economy.

As a member of the parliamentary Finance Committee and the National Alliance Deputy/Abdel Hussein Al-yasseri, deleting zeros with negative and positive side, being further corruption of Mali and the counterfeiting of currency, the second aspect that it would reduce the money supply and the traders of large numbers ".

Al-yasseri told reporters (News News Agency): "many ideas and discussions and differences abounded about deleting zeros there supported the idea of refusing, he felt that it would reduce the money supply and mitigate inflation numbers, but" at the same time may lead to financial and administrative corruption ".

Al-yasseri, called to forge an economic conference involving financial economists to discuss concerns that would accompany the process of deleting zeros and reach results convince everyone.

Al-yasseri, ruled out that accompany the process of deleting zeros money laundering due to precautions that annoy her Central Bank ".

This suffers from the counterfeiting of currency, at a time when the Government revealed the arrest of the appointing gangs linked to Iran, the counterfeiting of currency, as well as published in the Iraqi market to influence the Iraqi economy.

He said the Central Bank Adviser appearance of Mohamed Saleh, naturally occurring currency fraud when deleting zeros because of economic changes in Muscat, calling for the need to take action such crimes that harm the country ".

The valid (News News Agency): "alasttratiget such projects take many dimensional and contain both positive and negative aspects that counterfeit currency can happen, but it is essential that there be coordination with the competent authorities to follow up this issue."

Saleh also said that precautions and the things that followed by the Central Bank to prevent money laundering through the currency check export receipt and monitors, tuned to detect manipulation ".

On the other hand, the financial expert said Manaf drafter (News News Agency), no need to fear of fraud which will accompany the process of deleting zeros to its presence in all countries of the world and especially after becoming conscious banks on this topic and have methods and ways to prevent it, pointing out that the deletion of zeros is not accompanied by the money laundering that the Central Bank is destroyed currency falling mechanism and allows recycled so I don't see the point of this apprehension which experts warned.

Goldsmith said: "deleting zeros will enhance the confidence of currency and their capabilities and abilities and reduces the inflation experienced by Iraq, noting that large numbers had caused many errors and corruption".

The Iraqi Government's economic adviser Abdel Hussein Al-Anbuge view of risks of economic security in case the Bank insisted on deleting zeros from the currency and it costs time and effort and raise the level of fraud of some terrorist groups for smuggling money abroad./finished/12 n. y..

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[mikeshuny]

When will Iraq get tired of saying the same things over and over? They change little things here and there but it is still basically the same thing. I am not slamming your work in bringing these over to us, just Iraq for wasting news space.

Thanks for all the articles you have been giving us BondLady. I really do appreciate them! I know you work hard to find these for everyone.

[BondLady]

its a good article and theres always something different in each one u just have to look for it, they hide lil things so that people will think its the same ol same ole but its not and ty ...BL