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Iraqi Central Bank reduces the importance of reports on the fraud of the currency in Iraq
[16:59] 11/Dec/19
Irbil - 19 December to December (PNA): played down the Iraqi Central Bank of the importance of the reports indicated the prevalence of counterfeiting in Iraq, whether local or foreign ones.
The bank adviser said the appearance of Mohammed Saleh, said that those reports were exaggerated, and untrue to the existence of significant fraud in Iraq, adding that the rates of counterfeiting in the country is very small, have not changed since the founding of the Central Bank so far.
Press reports had spoken of turning Iraq into a center for counterfeiting of currency in the region after the spread of gangs specialized in forging local and foreign currencies in various Iraqi cities, as quoted by the reports from economists Iraqis saying that there are foreign countries have old conflicts with Iraq contributing to the making or passing counterfeit currency into the country in order to sabotage the Iraqi economy.
Indicates the benefit that the fraud is divided into three sections, the first undertaken by persons individually, and the second is run by some traders, and the latter played by some intelligence States, the most serious types of fraud, asserting that what is currently in Iraq is a fraud-commercial use only.
And confirms the central bank adviser and international coordination with Iraq to combat counterfeiting, pointing to the security agencies recently managed to arrest many of the fraud rings.
The expected benefit of the reduction of fraud in Iraq during the coming period, especially after the initiation of the process of changing the Iraqi currency and printed a new currency of high technical specifications very difficult to forge.
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[16:59] 11/Dec/19
Irbil - 19 December to December (PNA): played down the Iraqi Central Bank of the importance of the reports indicated the prevalence of counterfeiting in Iraq, whether local or foreign ones.
The bank adviser said the appearance of Mohammed Saleh, said that those reports were exaggerated, and untrue to the existence of significant fraud in Iraq, adding that the rates of counterfeiting in the country is very small, have not changed since the founding of the Central Bank so far.
Press reports had spoken of turning Iraq into a center for counterfeiting of currency in the region after the spread of gangs specialized in forging local and foreign currencies in various Iraqi cities, as quoted by the reports from economists Iraqis saying that there are foreign countries have old conflicts with Iraq contributing to the making or passing counterfeit currency into the country in order to sabotage the Iraqi economy.
Indicates the benefit that the fraud is divided into three sections, the first undertaken by persons individually, and the second is run by some traders, and the latter played by some intelligence States, the most serious types of fraud, asserting that what is currently in Iraq is a fraud-commercial use only.
And confirms the central bank adviser and international coordination with Iraq to combat counterfeiting, pointing to the security agencies recently managed to arrest many of the fraud rings.
The expected benefit of the reduction of fraud in Iraq during the coming period, especially after the initiation of the process of changing the Iraqi currency and printed a new currency of high technical specifications very difficult to forge.
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