Central Bank announces free government and private banks from fraud organizer of the local currency

22/06/2012

BAGHDAD / Center Brief for the Iraqi Media Network - The Central Bank of Iraq is free from government and private banks from the circulation of counterfeit currency saying it was classified as major economic crimes.

The deputy governor of the Central Bank of Iraq the appearance of Mohammed Saleh (Brief Center for the Iraqi Media Network) that "the government and private banks are completely free circulation of counterfeit currency and there are simple cases and the individual is found in some banks."

Saleh explained that "the Central Bank of Iraq put strict controls to limit the circulation of counterfeit currency because it is one of the major economic crimes."

The central bank seeks to develop a system of payments the country's economic and announced earlier in the high cash reserves of $ 50 billion to 60 billion dollars.

The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of the banking sector.

 

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