Counterfeit currency markets plunging south

Counterfeit currency markets plunging south

26-06-2012 08:45 AM
Are free –
Work of local governments in southern Iraq to set up committees to monitor the counterfeit currency, which officials said it is increasing in the market.
A member of the «State of Law coalition» Abdul Hadi al-Hassani told the newspaper «life» «to Ahznat recent spread of counterfeit currency, specifically the category of 10 thousand Iraqi dinars, but the reasons are still not known as the Sources unknown ».
He added that «the prime minister began to form a committee in Basra and other southern provinces, which spread the counterfeit currency to know the sources spread in the local market leads to a lack of trust of citizens in local currency».
He continued: «plan should be developed scientific thought in the Central Bank for the withdrawal of those currencies and the development of educational programs for citizens to distinguish counterfeit money ».
It was noted in the recent move away some of the owners of shops and workshops in the province of Basra (490 km) south of Baghdad on receipt of a class of 10 thousand dinars, and the salaries of the employees began to free almost this category. the paper quoted a statement of the Central Bank in the province of Basra, where a statement to the Deputy Governor of the Bank Ed appearance that «the receipt of money when you switch the currency will be from banks solely to prevent the entry of counterfeit currency». The statement added that «not to receive money directly from the citizens a means effective to prevent the entry of counterfeit currency to the bank ». He added that «the Central Bank adopted the technology to check the money in addition to other measures». In the province of Dhi Qar government formed a local committee to follow up counterfeit currency in the province, said the Deputy Governor Hassan Aius to the same newspaper that «a special government commission cost control and follow-up and handling the money and contraband prohibited in the province ». He added that «the Council of Ministers ordered the formation of a committee to follow-up groups of counterfeit cash after news of the prevalence of fraud in some of the large number of coins, including the category of 10 thousand dinars».
Source: ahraraliraq