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Central is the proportion of counterfeit currency «natural» compared to the rest of the states
On: Sun 01/29/2012 20:17
Decline in Iranian currency market hit a major setback in Kurdistan
BAGHDAD - A citizen
Considered the Central Bank of Iraq, Sunday, that the proportion of counterfeit Iraqi currency compared to the rest of the normal states, while stressing that this ratio can be known through bank deposits has, he noted that those currencies are entering the market from three sources.
The deputy governor of the Central Bank of Iraq the appearance of Mohammed Saleh was quoted by «Sumerian News», that «there are local currencies forged exist in the Iraqi market, but by a very simple, and within the normal range, which are affected by all the countries», indicating that «this percentage could be gauged from through bank deposits with the Central Bank ». Saleh added that« the bank bears the responsibility of the deposits when they contain counterfeit currency, which shall be subject to a fine in addition to pay the cost of these currencies », calling on banks that« the interface check their currencies, and not rely on the central bank » . Saleh said counterfeiting «of major economic crimes», pointing out that «those currencies enter the Iraqi market from three sources, as merchants for the purpose of profit is the project this fall on charges of money laundering, or amateur, as well as by some States of this and this so-called war intelligence ». On the other hand revealed the President of the Federation of Exporters and Importers Mustafa Abdel-Rahman in the Kurdistan region for the low value of the Iranian currency against the U.S. dollar hit a large number of traders the Kurdistan big losses. Abdul Rahman said in a statement quoted «Twilight News» that «low value Altoman Iran against the U.S. dollar the U.S. market hit a major setback in Kurdistan », pointing out that« the biggest losers are the traders who have a commercial and financial transactions with Iranian traders because they were dealing with these traders instruments ».
The Abdul Rahman, that «the value of Altoman Iran fell dramatically against the dollar traders could not meet the Iranians that they value instruments in favor of the Kurds and merchants remained open and froze, causing big losses in the rhythm of the market in Kurdistan».
He noted that «the traders who have financial dealings with Iranian banks in Dubai, especially bank (Tejarat) and (ms), were also of the losses themselves because of the freezing of their assets by the sanctions imposed on Iran, could not these banks also meet Bakiem instruments for the benefit of traders Kurds »., Abdel-Rahman that« Iranian merchants did not deny these funds, which discharged for the benefit of traders the Kurdistan », pointing out that« that is happening is that Altoman Iran lost its value against the dollar can not these traders meet with them at this stage and do not have sufficient funds in banks The banks can turn to pay them the money because the bank (Tejarat) and (ms) Iranians exposed to losses of the same ».
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