The spread of counterfeit currency exchange and the inability of security for risk reduction

The spread of counterfeit currency exchange and the inability of security for risk reduction

On: Friday 5/11/2012 6:19

BAGHDAD / Enas Tariq 
fear specialists in the economic aspect of the continued flow of counterfeit currency with the spread of gangs in the circulation areas of Baghdad for a financial commission which could not prevent the security forces of activities affecting the economic file, but despite these concerns, but that the central bank stressed that counterfeit currency receded significantly, and that the bank did not receive numbers only a few came to him from the government and private banks and the ratios fall within the known world.

And spread guerrilla promotion of counterfeit currency in particular in the southern provinces and in Baghdad in the Al-Rasheed Camp, as the people replace the counterfeit currency with another is forged to meet the proportion of specific financial, rise with increase in the value of money on our web site, as reports indicate that the border has become open to enter the counterfeit currency, particularly from Iran, where frequent operations of the introduction of counterfeit currency and across the southern provinces, and spread guerrilla promotion of counterfeit currency, without follow-up of the security authorities competent in those provinces.

, says Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, said that counterfeiting is one of the economic crimes and not new in the history of peoples, and appeared with the emergence of bank notes, the bank is dealing with these phenomena and to cooperate with the competent agencies to combat it. Saleh added in a statement (range): The seriousness of the matter is not in the production of counterfeit currency, especially as the production has become easy with technological development, but dangerous in the promotion which is very difficult to discharge in the markets, citizen can distinguish between fake and original, the fact that the Iraqi currency printed presses the highest world, but there are cases where cheating innocent people, so invite them to be careful of those counterfeit money. And Saleh said the operations of receipt of the Central Bank currency counterfeit very few private banks and government, and recognizes, for example in 2011 about 11 thousand paper forged only with the vast amount of trillions of dinars which handles per month, and this percentage acceptable in all countries of the world that suffer from problems counterfeiting of currency in it. 
For his part, suggests a specialist in economic affairs Amir al-Rubaie said counterfeit currency crash of any country’s economy. He said in a statement (range): that among the ancient tools of war, is to publish counterfeit currency in the countries waging war against it, Targeting the currency leads to the collapse of the economy and the weakening of that State in all respects. He said al-Rubaie: The counterfeit currency in Iraq has spread dramatically in the nineties of the last century, when the former regime print categories dinar in Press modest potential, but today is back to spread counterfeit currency, and the goal is either for the purpose of profit, often carried out by gangs of counterfeiting, or at the level of the countries that are trying to destroy the potential effort of Iraq’s economy. He called on al-Rubaie concerned security authorities to stop the smuggling money into Iraq from the border with Iran, and apply the law strictly on the gangs that are spreading counterfeit currency, the fact that this crime applies the law of terrorism, so the penalties are very strict, also called an economist neighboring countries, including Iran to halt the smuggling of currency printed in its territory to Iraq, the dinar, or whether the dollar, the fact that Iraq today has become an economic power can be utilized to strengthen the economies of those countries.

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