Parliamentary circles: the phenomenon of foreign currency to replace fake ones cause great damage to the economy

Witnessed the emergence of local markets, specialized gangs replacing foreign currency in the country, Iraqi currency counterfeit. And warned the circles of parliamentary and other economic expert (of the Agency news) from the exploitation of neighboring countries, unstable political situation in Iraq enter the counterfeit currency and replace it with hard currency “dollar” to their advantage.

And revealed some of the banking offices in Baghdad and the southern provinces for the emergence of forged Iraqi currency, class (10) thousand dinars and in large quantities, and finds that the category of specialists (10) thousand dinars easy rigging of the other categories of the local currency. He says the decision of the Economic Commission Mahma MP Khalil: You must fight the gangs forged currency and specialized knowledge of the source where it comes from this currency to Iraq, being a dangerous phenomenon threatening the economic security of the country. Khalil says: In case of failure to take tough measures against counterfeiters of coins of the Iraqi economy would suffer significant losses through the drain of hard currency “dollar” and the proliferation of counterfeit currency in the country. Is the phenomenon of counterfeit currency of the most dangerous phenomena on the national economy, one of the economic crimes that are punishable by law. He indicated that the Iraqi environment is not attractive to foreign currency because of the political situation is stable in the country, making neighboring countries dare and take steps to destroy the Iraqi economy through the introduction of the currency counterfeit and replace them in dollars in order not to take Iraq Mkanadtha economic and be an active player in the region. He acknowledged the Iraqi Central Bank Governor Sinan Shabibi earlier in the presence of counterfeit currency in circulation in Iraq is limited proportions, calling for the House of Representatives to pass a law reset the Iraqi dinar, a deletion of three zeros from the currency and replace the current currency of more sedate difficult to falsify. The several governorates, including Karbala, Najaf, Babil, Wasit, Sulaymaniyah and Baghdad, has seen in recent months, adjust the amounts of counterfeit currency, and detained by local authorities in these provinces specialized gangs forged currency, promotion and fraud on the citizens, and noted press reports that there are presses specialized rigging the currency in a number of areas of the capital Baghdad. A member of the Finance Committee MP Ibrahim al-Mutlaq said the phenomenon of entry of counterfeit currency by neighboring countries and replace them with hard currencies will lead the country into economic disaster is difficult to avoid. He said al-Mutlaq (the Agency news): The trends of the U.S. dollar in the non-specific, but is sold at auction the central bank without knowing the trend is gone is it to invest or to smuggling or import from outside the country, calling for setting the direction of exchange both within the country or outside by the authorities concerned. He called on security authorities to the need to take the role to prosecute those who enter the money through the control of border crossings to reduce the danger to the national economy. It should be noted that the Interior Ministry said in recent days arrested a number of people of Iranian nationality in southern Iraq in possession of a quantity of the Iraqi currency counterfeit, as well as the emergence of other replacement hard currency currencies Iranian by Iranian pilgrims coming to the holy sites, as well as men of their actions on the Iraqi border Iran, where he sees specialists in the field of the Iraqi economy that the phenomenon of replacement of hard currency “dollar” currency of Iran is not legal, but also serves as the smuggling of foreign currency of the country, presumably fought by the security authorities, stating that the Iranian currency is not international, but are not allowed to get out of the country. This phenomenon affected the value of the dollar in Iraq, and raised the demand for purchase by auction the central bank. The U.S. dollar is witnessing a big increase and unprecedented value to him in front of the Iraqi dinar during the current period. With the exception of a member of the Finance Committee MP Abdel Hussein al-Yasiri: the phenomenon of replacement of hard currency in the currency of Iraq fake a “great danger” on the Iraqi economy, calling for the fight to save the national currency deterioration. He Yasiri (of the Agency news) to: that the political divisions and conflicts taking place in the Iraqi arena during the current period played a key role in breaking down the national economy and the Iraqi dinar, which made the government preoccupied with political problems, leaving the important things and gave way to the outlaws of neighboring countries to take on the currency Iraqi difficult pumping large quantities of counterfeit currency into the country. He suggested Yasiri use devices allergic closer to the currencies in all Iraqi banks and banking offices and even shops in order to find out counterfeit currency and the arrest of traffickers. The Central Bank of Iraq has made adjustments to their systems to sell the dollar in the official auction, because the traders and the offices of Banking remove large amounts of dollar to Iran and Syria, which applied the right to economic sanctions led to the deterioration of their local currencies worldwide, where he started the Central Bank, private banks claim documents to prove their need for hard currency.

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