Economy parliamentary downplays talk of counterfeit currency

Saturday, February 23, 2014 18:00



Twilight News / promised for economic and investment commission in the House of Representatives Sunday reports that suggest the presence of groups of forged Iraqi currency that it is not a cause for concern, noting that the role of regulatory agencies is not the level of ambition.

And talking to press reports about the presence of groups of forged Iraqi currency markets.

He said the Commission's decision Mahma Khalil's "Twilight News" that the country has passed through exceptional, and no doubt there are people, weak people are trying to target the currency by working on the production or printing classes forged.

"I can not say that what is happening is a phenomenon, but we say that what is happening is not a cause for concern, and there may be a few cases compared to the mass of large cash currently in circulation in the market."

He pointed out that "the economic and regulatory authority is not the level of ambition," likely presence of small bands behind these cases, rather than a regional international intelligence.

He continued by saying that the CBI does not allow the passage of any class forged and always being discovered, and one can touch these capabilities with the CBI.

Khalil pointed out that the economic and investment commission had previously demanded, along with the Iraqi Central Bank to switch the currency, but waited the decision, because it is expected that there will be an attempt to introduce counterfeit categories.

He said the sensors and control devices within the central bank sensitive to the existence of such cases and discover.

It is said that the phenomenon of counterfeiting has spread, especially after the fall of the former regime and the absence of government and the security and political chaos and the seizure of currency printing devices from state institutions.

But government authorities managed to reduce fraud by following security procedures, technical and wide, according to observers.

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