Sunday, February 5, 2012

MPs and experts: Replace the counterfeit currency Balsabh .. Phenomenon would hurt the country and crush the national currency

02/05/2012

Baghdad (news) / report / Faleh Hussein / .. Warned parliamentarians and economists of the increasing phenomenon of entry of counterfeit currency and replace it with hard currency for the benefit of which is under international sanctions and suffering from Tdhorammeltha cash, because it will lead to an economic problem difficult to solve in the country and crush the national currency.
The invitation through their talk (of the Agency Alkhbaria of news) to the need to set rules and laws and control the border crossings to reduce the deliberate draining hard currency from Iraq.
A member of the Finance Committee MP / coalition in Iraq / Ibrahim al-Mutlaq: The phenomenon of entry of counterfeit currency by neighboring countries and replace them with hard currency will lead to economic disaster is difficult to avoid.
He said al-Mutlaq (the Agency news): The trends of the U.S. dollar in the non-specific, but just sold at auction the central bank without knowing the trend going here is to invest or to smuggling or import from outside the country, calling for setting the direction of exchange, both within the country or outside by the authorities concerned.
The student: not to sell the U.S. dollar at the auction during the current period until the set rules, laws and detection methods pursued by some countries to combat the Iraqi economy and its currency.
As stressed member of the Committee of Economy and Investment MP / National Alliance / Amer Al-Fayez on the importance of taking legal action strict against those who are in the process input counterfeit currency into the country for replacing hard currency as a phenomenon lead to times of the Iraqi economy and the deterioration of the national currency at home and abroad.
The winner (of the Agency news): The currency comes to Iraq as a result of weakness evident in the Iraqi border crossing points that must be monitored to fight against the owners of the souls of vulnerable workers, whether in port or border trading in these currencies.
He explained: that this phenomenon had already occurred within Iraq will impact heavily on Alaguetsadeh because it means the introduction of fake currency and replace it with hard currency, which would reduce the reserves of hard currency in the country and a lot of circulation of counterfeit currency and thus will make the Iraqi dinar exchange rate down against the dollar.
While denied by the Economic Commission deputy / coalition in Iraq / Nahida Daini the existence of any phenomenon to enter the currency forged Iraqi replace foreign currencies during the current period, although there is a process of depletion of foreign exchange through import external as well as the high demand to buy it from the Central Bank.
Daini said (of the Agency news): The control Iraq's borders with neighboring countries and the activation of a standardization and quality control are important factors to limit the entry of goods that led to the bad drain of hard currency for entry of goods into the country of origin is poor.
She added: a study must be clear and accurate economic planning for the development of economic sectors in order to dispense with import foreign goods and to strengthen the Iraqi economy and raising its standards.
For his part, fear financial expert Ismail Abdul Hussein: the spread of the phenomenon of switching of counterfeit currency for hard currency within the country because they cause a risk to the Iraqi economy and the national currency, noting that most of the countries of the world began to center used the invention of special equipment for counterfeiting, particularly the Iraqi to fight the Iraqi economy and crush its currency.
According to Abdul-Hussein (of the Agency news): that neighboring countries like Syria and Iran is suffering today from an economic blockade and the deterioration of its currency, what made them Iltjaon to Iraq to buy the dollar.
He explained: that the Iraqi currency, which replace them in U.S. dollars and are valid as she was fake, it is a positive thing for Iraq through the recovery of the Iraqi currency to the origin, while if the fake Iraqi banks is not ready to reveal these currencies there is a danger to Iraq in general.
He called for: the importance that there be complete by the readiness of Iraqi banks to detect counterfeit currency entering the country, in addition to control of the border crossings to prevent the entry of such currencies to Iraq. / Finished / 8. D. Q

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