Money laundering is causing the deterioration of the value of national currency
16-07-2012 09:40 AM Are free – Established Office of the Inspector General at the Ministry of Planning seminar on the role of money laundering in the financial and administrative corruption mechanisms and treatment.
A statement from the Office of the Inspector General has received the Agency (news) a copy of it on Sunday : The Inspector General, a leading Kazim Mohammed stressed the need to combat money laundering and that the implications of the economically, socially and politically, adding that the money laundering makes the national economy is bleeding for the benefit of overseas economies.
The statement added that the fight against money laundering is a must because it increases domestic Liquidity is not commensurate with the increase in the production of goods and services, as well as the Evasion of payment of direct taxes and then a shortfall in the state treasury. He explained: that money laundering is causing the deterioration of the value of national currency and tarnish the image of the financial markets, high inflation rate due to pressure on the supply of the commodity during the purchasing power of the categories have a higher marginal propensity to consume and the pattern of consumption is characterized by non-majority Oashoaúah.