Economic Committee Member: Counterfeit Currency Has Effect on IQD Value

Posted: August 13, 2013 in Iraqi Dinar/Politics
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13-08-2013 01:13 PM
Baghdad (newsletter). Member of the Economic Committee of the Kurdistan Alliance MP Jassem shankali, counterfeit currency has a great influence on the Iraqi economy, which will affect the value of the Iraqi dinar.

Said shankali (News Agency): that counterfeiting increased recently and you because of the deteriorating security situation and rampant corruption in all parts of the State, as well as open borders with Iran, Turkey and Syria.

He added: the main causes of counterfeiting is not the sense of citizenship of most classes, everyone wants to sabotage and puts his own interest above the interest of all for profit, even though illegal methods.

He continued: in addition to the lack of strict and harsh measures against counterfeiters that power became too weak from all sides, indicating that more classes that the forgery is the (10) and (25).

Explained: the counterfeit currency would affect the Iraqi economy and on the value of the Iraqi currency and in turn lead to most people resort to dollarization.

The Central Bank acknowledged the existence of counterfeit banknotes in the commercial market, and the banks are all uncles take necessary


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