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Ahmed electrodes: counterfeit currency into Iraq from Syria and Iran
04/11/2012
BAGHDAD / JD / .. revealed the parliamentary finance committee from entering the Iraqi currency counterfeit of Syria and Iran to Iraq. The decision of the Commission's Ahmed electrodes / JD / that "large quantities of counterfeit Iraqi currency entered Iraq established by Syria and Iran to coincide with the deletion of zeros from the Iraqi dinar." The electrodes that "the Finance Committee had informed the Central Bank put strict controls to limit the entry of the Iraqi currency counterfeit Dakhla from Syria and Iran, such as deleting three zeros from the Iraqi dinar." (To him) and said electrodes that "large amounts of Iraqi currency counterfeit entered Iraq ". He said, "The central bank must take care to enter more of these counterfeit Iraqi currency to Iraq." And Deputy Governor of the Central Bank has revealed new measures will reduce the bleeding phenomenon of the currency in Iraq, noting that the first of next July will see the elimination of the operations and permanently. The appearance of Dr. Mohammed Saleh in an earlier statement (to JD): The growing demand for hard currency than the local need with 3 times the cause but several times in the high exchange rate despite the efforts of the bank to control the phenomenon of bleeding currency by imposing certain controls as a condition to leave the corporate and banking offices as a condition to deal with it, but working on the withdrawal of currency from the market in large quantities at different times led to higher rates without justification. Saleh added that the other reason is that the Iraqi dinar has become a hard currency also in neighboring countries due to the strength of the Iraqi economy and the deterioration of the values of currencies and to the instability of their political, which reflected negatively on the economies of these countries to resort to the Iraqi market, which Thoudy are other free trade, which helps to obtaining any amount at any time and that of the disadvantages of free trade, of course. And the Deputy Governor of the Bank that the bank is taking new measures to reduce the phenomenon of the intended withdrawal of currency through the conditions to deal with the bank declined to disclose the details of adding that new measures will eliminate the phenomenon mentioned once during the coming period. He explained that the Iraqi currency is strong, because they are covered with dollar heavily despite unilateral Iraqi economy and that the bank can absorb any momentum on the application within moments and in the presence of strategic stocks a large hard currency, but he is trying to impose adequate protection of the national economy enabled by protecting the stock. The central bank held the Iraqi daily sessions for buying and selling foreign currencies with Iraqi banks, 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. / Finished / 11 n
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04/11/2012
BAGHDAD / JD / .. revealed the parliamentary finance committee from entering the Iraqi currency counterfeit of Syria and Iran to Iraq. The decision of the Commission's Ahmed electrodes / JD / that "large quantities of counterfeit Iraqi currency entered Iraq established by Syria and Iran to coincide with the deletion of zeros from the Iraqi dinar." The electrodes that "the Finance Committee had informed the Central Bank put strict controls to limit the entry of the Iraqi currency counterfeit Dakhla from Syria and Iran, such as deleting three zeros from the Iraqi dinar." (To him) and said electrodes that "large amounts of Iraqi currency counterfeit entered Iraq ". He said, "The central bank must take care to enter more of these counterfeit Iraqi currency to Iraq." And Deputy Governor of the Central Bank has revealed new measures will reduce the bleeding phenomenon of the currency in Iraq, noting that the first of next July will see the elimination of the operations and permanently. The appearance of Dr. Mohammed Saleh in an earlier statement (to JD): The growing demand for hard currency than the local need with 3 times the cause but several times in the high exchange rate despite the efforts of the bank to control the phenomenon of bleeding currency by imposing certain controls as a condition to leave the corporate and banking offices as a condition to deal with it, but working on the withdrawal of currency from the market in large quantities at different times led to higher rates without justification. Saleh added that the other reason is that the Iraqi dinar has become a hard currency also in neighboring countries due to the strength of the Iraqi economy and the deterioration of the values of currencies and to the instability of their political, which reflected negatively on the economies of these countries to resort to the Iraqi market, which Thoudy are other free trade, which helps to obtaining any amount at any time and that of the disadvantages of free trade, of course. And the Deputy Governor of the Bank that the bank is taking new measures to reduce the phenomenon of the intended withdrawal of currency through the conditions to deal with the bank declined to disclose the details of adding that new measures will eliminate the phenomenon mentioned once during the coming period. He explained that the Iraqi currency is strong, because they are covered with dollar heavily despite unilateral Iraqi economy and that the bank can absorb any momentum on the application within moments and in the presence of strategic stocks a large hard currency, but he is trying to impose adequate protection of the national economy enabled by protecting the stock. The central bank held the Iraqi daily sessions for buying and selling foreign currencies with Iraqi banks, 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. / Finished / 11 n
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