"Economic Commission": the proportion of counterfeit currency in Iraq, is the least in the world

Wednesday, 22 February 2012 08:43

shafaq news/ The member of the Committee of Economy and Investment Abdul Hussein Abtan said in an interview with "Shafaq News" that his committee "reviewed the details of the issue of counterfeit currency, and found that the ratio existing in the country is much lower than the rest of the world," stressing that "no country is free from counterfeit currency, but with varying proportions. "
"the central bank has taken measures to reduce the price of the dollar against the Iraqi dinar, but the results were on the contrary," Abtan said noting that "the Commission demanded that the central bank to take new steps to treat this matter."
He accused unnamed parties of being behind the spread of counterfeit currency and they promote them.
The Central Bank of Iraq, announced the sixth of January, a rise in foreign currency reserves to $ 60 billion, for the first time in the history of Iraq, after it had reached in 2010 $ 58 billion.
The central bank held the Iraqi daily sessions for buying and selling foreign currencies with Iraqi banks that fund the traders from the private sector, excluding public holidays on which the Bank stop these auctions, and the sales are either in cash or in the form of money orders sold out for a certain commission.