A senior official in the Office of the Minister of Finance was involved in. .. Wide spread of counterfeit currency in the markets of Iraq!!

Monday 10/08/2012 06:31 am

A source close to the Central Bank Governor Sinan Shabibi wide spread of counterfeit currency in the markets of Iraq,

Shabibi said in an exclusive interview that the Iraqi currency of class five and twenty thousand and ten thousand and five thousand was rigged and recycled in the local market through some weak people, pointing out that a senior official in the Office of Rafie al-Issawi and Iraqi Minister of Finance have by promoting in the market taking advantage of their influence in addition to deal some venal staff in the Iraqi government banks to switch counterfeit currency to the dollar,

He added that the weak control of the local market and increase consumer demand led to the spread of this currency very quickly, referring to Iraq's lack of addressing rapid economic challenge from some lenders control of the local currency,

It is noteworthy that the Iraqi market is witnessing significant inflation as a result of the absence of a clear vision and varying prices sale of foreign currency, and security forces had previously arrested on a great band in Baghdad and promotion of counterfeit currency in the local market.


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