Specialists: counterfeit currency re-emerged in the market and on the security authorities control

Specialists: counterfeit currency re-emerged in the market and on the security authorities control




07-04-2013 12:23 PM

Baghdad (news) / report / Hussein Faleh / .. It seems that the process of counterfeiting has become a lucrative business with the outlaws, where they appear from time to time and other cases of counterfeiting Iraqi groups five thousand and ten thousand dinars.

Has complained of a number of citizens in the provinces of Baghdad, Dhi Qar, Babel and Saladin the spread of counterfeit currency and dramatically in the market, what caused them to resort to buy the dollar to keep their money.
And saw the U.S. dollar exchange rate soared against the Iraqi dinar during the last period due to increased demand for purchase.

MPs and specialists in the economic sphere called the security authorities and the Central Bank to take their actions necessary to prevent the spread of counterfeit currency in order to preserve the national economy, stressing during their talk (of the Agency news) on the importance of the withdrawal of counterfeit currency from the market and issuing new currencies carrying blades security difficult to falsify.

A member of the Economic Committee MP / National Alliance / Amer winner, called: Central Bank and Economic Crime Directorate to take their measures necessary to prevent the spread of counterfeit currency of dinars in the local market.

He said the winner) for the Agency news): The phenomenon of counterfeiting of currency became widespread and largely in the market for a particular category (5000 - 10000) dinars, and this indicator threat to the national economy, because it would lose the trust of the citizens in dealing in Iraqi dinars.

He explained: that the reduction of the proliferation of counterfeit currency falls to the security agencies in the state by taking their own means to fight economic crime and arrest the perpetrators.

He added: that the central bank to have a significant role in preventing the spread of counterfeit currency because they confuse the national economy, through issuing new currencies with technical specifications and high carrying blades difficult security fraud, and the withdrawal of counterfeit currency from the market in order to contribute to the reduction of this phenomenon.

He had announced the official spokesman of the Ministry of Interior for enabling Economic Crime Directorate in the Directorate of Police Salahuddin province, of the arrest of a gang specialized foreign currency fraud and possession of forged 130 thousand dollars.

The Interior Ministry said also in a statement mid-March last that 'the power of the police to combat economic crime in Dhi Qar was able to adjust the printing press to the counterfeiting of currency during an inspection of one of the houses in the neighborhood of Sumer downtown Nasiriyah', noting that 'force found the amount of 1.521 million JD forged from all categories'.

The financial expert as Hadi al-Tamimi, confirmed that operations printed counterfeit currency are outside the country, because it is a complex process and accurate through which revealed a cipher security in currencies, as evidenced by the process spread categories of (5000-10000) dinars, and not all currencies.

Tamimi said (of the Agency news): The spread of these currencies in the market would scar the reputation of the dinar and lose the confidence of dealing, and this would cast a shadow on the national economy, calling on the security agencies to combat this phenomenon and the arrest of the perpetrators.

For his part, Director of Al-Rimal specialized sell hard currency Raed Aziz: that fraud existed in the market since a long time but started getting more and more, where I started the category of (10000) dinars, and now increased fraud and dramatically category of (5000) dinars.

Aziz said (of the Agency news): The process of fraud very precise so that it is difficult to distinguish between editions (potable and counterfeit) not only in the currency of the dinar and the dollar but even in some cases, especially class (100) dollars.

He added: aggrieved that the first and last ordinary citizens of these operations because it is difficult for him to know of fraud, while ATM per experience reveals the process of financial fraud in the currency regardless of the fraud detection devices.

He noted: that most traders and citizens prefer recently the dollar without dinar to avoid counterfeiting, and this is what has led to increased demand for dollar during the recent period and increasing its price against the dinar. / End / 8. N. P /

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