Economic committee member: Loss of confidence in the dinar due to widespread counterfeiting of currency

Posted: December 18, 2013 in Iraqi Dinar/Politics
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18-12-2013 10:53 AM
Baghdad (newsletter). Member of the Committee for economy and investment/Kurdish Alliance MP Jassim shankali, counterfeit currency would affect the Iraqi economy, and losing the confidence of citizens in dealing with the Iraqi dinar.

Said shankali (News Agency):): the process of rigging local currency will most people resort to the dollar and thereby weaken the purchasing power of the dinar, adding that forgeries have spread lately because of the deteriorating security situation and rampant corruption.

Called: the Central Bank, the economic crime Directorate and the relevant authorities to take the necessary measures to prevent the spread of counterfeit currency in the local market.

The Central Bank acknowledged the banknotes m Lifa in commercial markets, and banks are all uncles take necessary


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