Senior banker: fraud currency will weaken the purchasing power of the Iraqi dinar

Senior banker: fraud currency will weaken the purchasing power of the Iraqi dinar

26-10-2013 09:27 AM

Senior banker-fraud currency will weaken the purchasing power of the Iraqi dinar Baghdad (news) .. Said banking expert wholesome Elias Abbou, if fraud currency negatively affect the Iraqi economy, and undermine the confidence of citizens while dealing with any currency. said Abbou (of the Agency news): The process of forging currency will affect the Iraqi economy and the value of the Iraqi dinar currency and in turn will lead to for asylum most people to deal in dollars and thus weaken the purchasing power of the dinar. 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 which Miather on the Iraqi economy. noteworthy that the Iraqi Central Bank acknowledged the existence of Banknotes fakes in commercial Alasouk, He drew Aamama to all banks to take the necessary. / End

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