***** Deputy: political parties are visiting the Iraqi currency in neighboring countries
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***** Deputy: political parties are visiting the Iraqi currency in neighboring countries
Admin Tue Feb 25, 2014 12:34 pm
24/02/2014
Accused member of the committee of economy and investment in the House of Representatives Nora Salem, unnamed political parties of rigging the currency, and pumped into the market in order to breach the Iraqi economy, adding that the Iraqi currency counterfeit printed in neighboring countries, without revealing the identity of these countries.
Says MP Salem said government measures in place to protect the Iraqi currency is useless, and that the financial institutions are not able to control fraud.
In a related development recognizes a member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri the existence of fraud in Iraqi currency, calling on political parties, who accuse of involvement in the fraud to disclose the names of those actors, in order to be placed under penalty of law.
In addition, stresses economic expert Abdul Rahman al-Mashhadani, the need to print currency with new specifications and better than its predecessor, which is printed in 2004, adding that the financial experts were counting on the decision to delete the zeros, in order to change the specifications of the existing currency, especially since the currency reserves of the Central Bank does not provide adequate cover for the Iraqi currency.
On the other hand, the director of planning and financial management in the Ministry of Finance Hilal Taan that fraud does not represent a threat to the Iraqi currency, especially that Iraq has a reserve currency more than 76 billion dollars, and 30 tons of gold, and pointed out that the currency reliable to the extent that it is now trading at U.S. banks.
It is said that economic observers would stress the need to take a new monetary policies in the Central Bank of Iraq, including that there will be cooperation between the central bank and private banks, in order to protect the currency from counterfeiting.
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.iraqhurr.org%2F
Accused member of the committee of economy and investment in the House of Representatives Nora Salem, unnamed political parties of rigging the currency, and pumped into the market in order to breach the Iraqi economy, adding that the Iraqi currency counterfeit printed in neighboring countries, without revealing the identity of these countries.
Says MP Salem said government measures in place to protect the Iraqi currency is useless, and that the financial institutions are not able to control fraud.
In a related development recognizes a member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri the existence of fraud in Iraqi currency, calling on political parties, who accuse of involvement in the fraud to disclose the names of those actors, in order to be placed under penalty of law.
In addition, stresses economic expert Abdul Rahman al-Mashhadani, the need to print currency with new specifications and better than its predecessor, which is printed in 2004, adding that the financial experts were counting on the decision to delete the zeros, in order to change the specifications of the existing currency, especially since the currency reserves of the Central Bank does not provide adequate cover for the Iraqi currency.
On the other hand, the director of planning and financial management in the Ministry of Finance Hilal Taan that fraud does not represent a threat to the Iraqi currency, especially that Iraq has a reserve currency more than 76 billion dollars, and 30 tons of gold, and pointed out that the currency reliable to the extent that it is now trading at U.S. banks.
It is said that economic observers would stress the need to take a new monetary policies in the Central Bank of Iraq, including that there will be cooperation between the central bank and private banks, in order to protect the currency from counterfeiting.
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.iraqhurr.org%2F
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