Kurds are united and hyped .. experts scoff at the report of the island about the size of «Iraqi cur

Kurds are united and hyped .. experts scoff at the report of the island about the size of «Iraqi currency fraud» and the risk to the economy

30/03/2014

Iraqi observer - Baghdad

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Mocked economists of the report published by Al-Jazeera claims that "the risk of counterfeiting" is threatening the Iraqi economy, and says that the money supply of counterfeit currency amounted to 500 million Iraqi dinars!!, And experts said the figure "paltry" and not a state value remember for the Iraqi economy and the budget, which is estimated Petrallonat Iraqi dinars, and agreed that the objective of these reports raise concerns of the Nile and the local currency, which has the characteristics of immune represented in the paper quality and security tags strong and unmanageable fraud. The site (Alice) published a report in which he said that "economists Iraqis saw the decline of the security and the absence of political stability in the country of the most important factors in the spread of the phenomenon of rigging the local currency, noting that it threatens the economy of Iraq, asserting that the volume of counterfeit currency that are currently on the market do not exceed five hundred million dinars (429 thousand dollars), and that there is a need to activate the regulatory effort and intelligence to eradicate this phenomenon. " But economists criticized these reports and statements on the issue of fraud and counterfeiting Iraqi currency, and said it comes on in accordance with the personal efforts do not take into account the information and instructions and points of view of the person concerned in the case and the competent authority, the Central Bank of Iraq. The expert, who preferred anonymity, said that "the statements improvised, and non-scientific, seeks to throw a stone here, a stone there, ending stirring up public fears of the existence of counterfeit banknotes in circulation." The expert emphasized the need to "share and share everyone's opinion, and responsibility to self-confidence of the Iraqi paper cash and pursue all means to protect and safeguard the rights and interests of the holders." This is because expert cash it, to the intrinsic properties of banknotes Iraq of paper quality and security tags powerful and bacillus, experience and awareness, which is owned by workers in the Iraqi banking system and the large role played by workers in the bank, and the evolution of the means of detecting fraud within the banking system, and the central bank, added to the awareness of the public. "and led owning the CBI for sophisticated equipment to detect fraud, to thwart fraud of the local currency and disclosed before they escalate. while economist said Bassem Jamil Anton:" despite that there is no country in the world today where there are no counterfeit currency, But the proportion of counterfeit currency in Iraq is negligible and do not pose a threat to the Iraqi economy. "and added that he personally and by virtue of his economic did not notice until now one coin forged and hesitant banks do not complain about it. between economic expert Majid picture that" there are no statistics on the counterfeit currency and can not know, but to change the currency, however can not be fully counted. "and added:" Size fraud in Iraq so far is very limited and can not affect any significant impact for the economic situation in Iraq. " He added: "Up to the Central Bank of this information is very little information in addition to the fight against economic crime is that this process will have been discovered some simple cases in the areas of Baghdad and has not unmanageable." He said: "I think the size of the fraud in Iraq almost non-existent so there is no effect on the Iraqi economy." He scoffed at the report published by the location of the island, saying that "this amount is five hundred million is the amount of" fiddling "can not affect the Iraqi economy because the final amount of money in circulation in Iraq is more than 30 trillion Iraqi dinars." He said: "These reports are presented propaganda rather than substantive in terms of market size and the amounts claimed by them." The views used to launch remarks, considered the CBI inaccurate and incorrect, and collide with accurate information to the financial reference, the Iraqi Central Bank.





As claimed by the Finance Committee in Parliament Najeebeh Najib said reports the central bank that reaches the "confirm the existence of rigging of the local currency, and that this phenomenon has become common in the country!", On the other hand, said the competent legal and banking Abdul Rahman Shaykhli: No new indicators on the entry of counterfeit currency into the country currently.

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