Member of Finance Committee: The new currency will be immune to fraud and will bring sophisticated equipment to detect fraud

Baghdad (news) .. Announced by the Finance Committee MP / National Alliance / Najiba Najib, in agreement with the Central Bank to purchase sophisticated electronic devices to detect light cases of fraud and forgery after the process of removing and replacing the zeros of the Iraqi currency.   Najib said (of the Agency news) said on Wednesday: The Central Bank and the Finance Committee have reached agreement for the purchase of optical electronic devices to check and detect counterfeit money after which the process of deleting the zeros and the currency exchange.   She added that the new currency will be Viah paper and other metal will be released in early 2013, but it needs to be taken by the Central Bank reserves and the measures necessary to detect cases of fraud and forgery, which was repeated in the current currency by their weak souls.   She pointed out: that the new devices will be connected to the web to update the latest information about the counterfeit money and methods of detection.   It showed: that some foreign companies in coordination with the Central Bank and the Finance Committee will provide loans for the printing of a large new currency in accordance with specifications and standards have a high safety properties, although this does not dispense with the central bank for modern devices that enhance the detection of fraud and forgery.   The financial experts and members of the House of Representatives, warned of a possible use of procedures change the currency, to pump large amounts of money forged by gangs experienced, and for an extensive operation for laundering money, and it will cost the state huge amounts of money for the printing of new currency, while he says supporters of the measure that necessary to make the national economy stands on his feet, and increase confidence in the currency, as well as reducing the huge liquidity.   bit.ly/M42ybR