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Senior banker: fraud currency will weaken the purchasing power of the dinar
26-10-2013 09:27 AM
Baghdad (news) .. Banking expert said Nafie Elias Abbou, counterfeiting operations have a negative impact on the Iraqi economy, and undermine the confidence of citizens while dealing with any currency.
Abbo said (of the Agency news): The process of forging currency will affect the Iraqi economy and the value of the Iraqi currency and, in turn, will lead to the most people resort to the dollar and thus weaken the purchasing power of the dinar.
He added: that the spread of counterfeit money in circulation will work on a cash surplus unplanned and high commodity prices as a result of supply and demand It Miather on the Iraqi economy.
It is noteworthy that the Iraqi Central Bank acknowledged the existence of counterfeit Banknotes in commercial Alasouk, He drew Aamama to all banks to take the necessary. / End / 5.. /
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26-10-2013 09:27 AM
Baghdad (news) .. Banking expert said Nafie Elias Abbou, counterfeiting operations have a negative impact on the Iraqi economy, and undermine the confidence of citizens while dealing with any currency.
Abbo said (of the Agency news): The process of forging currency will affect the Iraqi economy and the value of the Iraqi currency and, in turn, will lead to the most people resort to the dollar and thus weaken the purchasing power of the dinar.
He added: that the spread of counterfeit money in circulation will work on a cash surplus unplanned and high commodity prices as a result of supply and demand It Miather on the Iraqi economy.
It is noteworthy that the Iraqi Central Bank acknowledged the existence of counterfeit Banknotes in commercial Alasouk, He drew Aamama to all banks to take the necessary. / End / 5.. /
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