Rumors of fraud and reduce the value of the currency invade Iraq markets

Posted 12/01/2016 04:11 PM

Orient: of Mustafa al-Obeidi:

prevail Baghdad markets these days, rumors spread editions forged Iraqi currency, as news spread about the possibility of modifying the Iraqi dinar exchange rate, creating a crisis in the trading currency, and fears of the dealers out.

She spoke of Dr. Siham Full researcher at the Center for Market Research for "Orient" that the impact of rumors about counterfeiting or reduce currency prices, have significant effects on the market situation and price stability in which purchasing power, noting that, despite denials by the Central Bank of Iraq to these rumors, but the problem is the lack of trust between the Iraqi citizen and statements official because the Government has already stated, inter alia, that the salary is a red line will not approach him, but I did and lowered them. And this atmosphere, in addition to the continuing decline in oil prices and the statements of some officials, including the expectations of the finance minister, Hoshyar Zebari, the inability of the government to provide salaries, are the things that encourage the emergence of rumors and spread rapidly between people .oohart researcher that the problem of Iraq is the presence of a defect in the financial management of imports and rampant corruption, There are countries budget less than Iraq, but they know how to imports operates correctly when the Financial Profile However, specialists and when corruption is not progressive as is the case in Iraq .odmn context, the director of exports and the Treasury in the Central Bank of Iraq Ihsan al-Yassiri said what appears in the category edition 10 thousand dinars of differences is a technical subject purely as focused as increased security codes, and denied the existence of the currency of the two categories of 10 thousand and 25 000 forged are traded in the local markets, he stressed that rumors played a role in vogue so conversations which were not limited to the Iraqi currency, but exceeded to the US dollar, which has risen in the past week without reason Ivkr.ooodh Yasiri in a press statement that the two papers are valid in the category of 10 thousand dinars, both contained a transparent framework or not shift, and it's only for a technical process, where the central bank recently asked of the printing company German enhance safety in that category Alorqh.oodhav that 50 thousand Iraqi dinars came Frames White transparent, and category 25 000 also contain this Altguenih.omn the other hand, the central bank confirmed that it "has no intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund "He pointed statement of the Central Bank, that" the Bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their needs are imported. " .oivkr that the financial crisis that Iraq is going through these days, has created a lot of rumors about the Iraqi currency conditions and strength, prompting Prime Minister Haider al-Abadi to emphasize that the strength of the Iraqi currency cover and the survival of the dinar exchange rate against the dollar, as it is, as he pointed to the existence of " fraud and conspiracy "to influence the current situation of the country.