Central Bank confirms the lack of counterfeiting and control them and specialists are demanding update detection methods

Author: ASJ, HH
Editor: BK, HH

9.1.2017 08:30

Long-Presse / Baghdad
The Central Bank of Iraq, on Sunday, that the incidence of fraud Iraqi banknotes "few and controlled and non-disturbing" as "primitive", as the Finance Committee pointed out in the House of Representatives that the disclosure of such a common task securities between the Central Bank and the security services, specialists called for the need Reload revealed that fraud and activate combat efforts and warning citizens methods and inform them of ways to detect.

The Director-General of the issue and cabinets in the Central Bank Abdul Abbas Khalaf, said in an interview to the (long-Presse), said that "Banknotes Ward fraud around the world, including the US dollar," noting that "the central bank monitors and records the counterfeiting and enumerate and handled professionally and accurately." .

He said Khalaf, the "Banknotes counterfeit Iraqi currency primitive and lacking the high professionalism so it can easily be discovered," she returned, "is disturbing because few in number, which trades here and there."

For his part, the Parliamentary Finance Committee member Ahmed Hama Rasheed, said in an interview to the (long-Presse), said that "the CBI come a long way in dealing with counterfeit currency," pointing out that "the Central Bank's operations towards that file proactive."

He said Rashid, that "counterfeit currency and its impact on the market and also a citizen of the impact on the purchase and trust and daily turnover," adding that "the task of detecting counterfeit currency shared between the central bank and the security services."

In turn, he said the economist Adel al-Naimi, in an interview to the (long-Presse), said that "counterfeiting is a major problem affecting the overall financial operations," stressing that "counterfeit currency involve the dire economic consequences, especially in light of the critical situation that Iraq is going through now where are busy fighting terrorism, suffering a financial crisis. "

He called al-Naimi, the security agencies to the need to "Update working methods and activate its efforts to detect counterfeit currency in cooperation with the relevant authorities," stressing the importance of "rapid warning about the presence of any counterfeit currency and to inform citizens on ways to detect."

Local markets and recorded cases of fraud in the coins, five thousand, ten thousand and fifty thousand dinars.
It is noteworthy that Iraq has seven types of paper currencies, is (250 500, 1000.5000, 10000.25000 and 500000, BD.

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