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MP denies the existence of counterfeit currency within the country
On: Friday 2/24/2012 7:15
Baghdad / term follow-up
commission's central bank set the sale of local currency with ten dinars are added to the price of the dollar, noting that the specified monetary policy is controlled at the same time denied a member of the Economic Committee in the House of Representatives and the presence of fake currency within the country.
The deputy governor of the Central Bank of the appearance of Mohammed, according to the Agency (news): There are differences in the market for the dinar exchange rate against the dollar in different parts of the country which is called the Central Bank to impose special measures against market speculation through the identification of a commission to sell the currency with ten JD only be added to the price of the dollar and set a thousand and one hundred and seventy-nine dinars.
Saleh added: that the central bank decided not to receive a bank or company money transfer or franchise more than a commission established starting from (February 22 cur) also can not create another price that the bank rate Central is the (1179) dinars per dollar, which was originally (1166), but added it (13) DT commission, banks and companies charge (10) JD shared, adding that it should not exceed price for (10) dinars for central bank rate for the commission.
For his part, said Iraqi Central Bank Governor Sinan Shabibi in an interview with him (the news): it is possible to Ntmon everyone, be they in government or the House of Representatives or the citizen himself and that monetary policy and the dinar policy controlled and that there are reserves of so-called cover the currency is in fact sufficient and will ensure march dinar in the country.
The Central Bank of Iraq has revealed on the sixth of January 2012, a rise in reserves of foreign currency into (60) billion dollars for the first time in the history of Iraq, after it had been in 2010 had reached (58 billion).
and Deputy Governor of the Central Bank of the appearance of Mohammed in the ninth of January 2012: that the high exchange rate of the dollar against the dinar in the local markets in addition to the high central bank sales of foreign currency, due to the financing of trade in the neighboring countries by the Iraqi traders.
The central bank held the Iraqi daily sessions for buying and selling foreign currency with the participation of the banks that fund the traders from the private sector except for public holidays on which depends the World Bank for these auctions and the sales either in cash or in the form of money orders sold out for a commission of certain.
to that reported by Economic Commission Abdul-Hussein Abtan that the rumors about the presence of counterfeit currency in the country is a relentless campaign intended to fold the national currency, noting that the country is immune, can not be influenced by changes side.
said Alabtan according to the Agency (news): The talk and a fraud, a large entered Iraq and are dealing with them is not true, and there may be fraud, but not in quantities that have little, indicating that these rumors are relentless campaign intended to fold the Iraqi currency.
He added that these rumors were proportional to the procedures for the central bank stepped up currency or increase exchange rate of the dinar against the U.S. dollar and that the talk of the existence of counterfeit currency in large quantities is reasonable because it depicts Iraq as the only one who has the fake currency and other countries in the world do not have the counterfeit currency.
called: stakeholders to be careful of such rumors being detrimental to the national currency and the market alike.
He pointed out: that the Iraqi currency well in the central bank is immune, and is still in the lead as oil countries and has a high cash.
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