Expert: States neighbouring Iraq collapsed economically and are responsible for the spread of counterfeit currency

Posted: September 27, 2013 in Iraqi Dinar/Politics
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25-09-2013 10:37 AM
Baghdad (newsletter). The Economist accused Habib Al-gully, the States surrounding Iraq and collapsing economically, of trying to sabotage the Iraqi economy by counterfeiting and pull the dollar out of the Iraqi market.

He said Al-Goli (News Agency): the cases of counterfeit currency impact directly on the Iraqi economy, and must be eliminated as the largest form of corruption.

He added: the money raised by trading should be equal to the amount of goods and services on the market, stating that the proliferation of counterfeit coins in circulation will be a cash surplus of unplanned and rising commodity prices as a result of supply and demand is what affect the Iraqi economy.

And: that due to the increasing cases of fraud due to the fact that Iraq is surrounded by some of the States working to sabotage the economy and pull the dollar.

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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