Economic analyst warns of the emergence of the phenomenon of fraud and money laundering coinciding with the implementation of the project to delete the zeros from the currency


07/02/2012 | (Voice of Iraq) - add comment -
Baghdad (news) warned economic analyst cute Abdel Salem Ugaili of the emergence of the phenomenon of fraud and money laundering coinciding with the implementation of the project to delete the three zeroes from the Iraqi currency. said Ugaili (of the Agency news) said on Tuesday: A lot of people in conflict with the law now waiting for the implementation of the project to delete zeros of the three of the Iraqi currency in order to carry out forgery of the currency of the new Iraqi and processes to money laundering. and Ocharaly: the high price of the Iraqi dinar depends on the strength of the economy and diversity through diversity revenues of the state's annual and activate all sectors of the economy instead of being economical Rieia unilaterally dependent on oil the first place. He added that the project to delete the zeros of the three of the Iraqi currency does not lead to high Asardinar of Iraq and the national economy, but it just reduces the money supply in the market, noting that proper procedure by the central bank to facilitate the trading process and the provision of currencies with a few categories. He explained: that the project would cost the state large sums of money and expensive through the process of printing currency and instruct citizens on how to use and handle than it is to project the impact of a negative or positive on the Iraqi economy. advised Ugaili: monetary policy to work to raise the price of exchangers of the Iraqi dinar through the restructuring of economic sectors and diversity in its infrastructure in order to strengthen the national economy and then the currency. It is noteworthy that the CBI had said earlier that the draft deleted three zeros from the currency exists in spite of the criticism directed at him by the officials and the two economies, and will be implemented after two years from now.




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