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Financial representative to activate the role of combating economic crime Directorate against counterfeit currency
04-05-2013
The parliamentary Finance Committee called for activation of the control system on currency trading in Iraq that fall under the responsibility of combating economic crime Directorate to reduce domestic and foreign exchange fraud, and fraud are limited, confirmed the Exchange project and delete the zeros will counterfeiters before the strong currency and counterfeiting.
Committee member Rep. Secretary Hadi on SMC (statement) to reactivate the role of the Directorate against economic crime in reducing fraud in local and foreign currencies is necessary and urgent, despite limited fraud which does not exceed 1 percent of the A. the presence of fraudsters requires action to reduce their activity and fight them in accordance with the law. "we call on all relevant official departments to this remarkable cases and monitoring in order to preserve the national economy and the public interest, at which time we delete zeros project will eliminate these cases once and for all and gives much smoother cash circulation and safety. The delay in implementing the draft three zeros from the currency, deletion and substitution groups traded paper came due to inadequate time for its implementation, but that the project is ready for application, but the time was not yet ripe. "appealed to the parliamentary Finance Committee member MP Abdul Hussein Al-yasseri, the Iraqi Government and the Central Bank to implement a project delete zeros and replace the current currency which as old and fraud. and member of the Committee said that Iraq needed new currency clean and tamper-proof that the old currency depreciated after circulation for a long Which became easy fraud and counterfeiting, as happens now.
The need project delete zeros and replace the current currency which as old and forgery. Committee Member said that Iraq needed new currency clean and tamper-proof that the old currency depreciated after circulation for a long time and which have become easy to forgery and counterfeiting also occurs. Al-yasseri said the draft late zeros deleted for various reasons is one of the most important projects that support monetary policy in Iraq as a new currency put strong and resistant to counterfeiters to reduce the size of rolling of banknotes and facilitate cash accounts in Iraqi banks. He was expected to start the project this year, but the new Governor was persuaded to postpone the project for unknown so far. This led to the postponement of the project is unknown so far. According to a member of the Finance Committee for the Kurdistan blocs Coalition MP nagiba Naguib, that national currency switch when you delete the three zeros from tubeless for legislation by the House, but to the directives issued by the Central Bank. Najib said that the Central Bank allowed the currency is valid and bank restructuring, so that the delete the three zeros does not need to legislate within the House, but the controls act as legislation to regulate the process of replacement currency. the Iraqi Central Bank said earlier that the draft delete zeros from the currency will begin in the new fiscal year starting in 2014 instead of the current year, while resolving the matter and completeness of its aspects, stating that the reason for the postponement of the implementation of the project was to not finish necessary preparations add to request The Government of the Bank should wait.
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04-05-2013
The parliamentary Finance Committee called for activation of the control system on currency trading in Iraq that fall under the responsibility of combating economic crime Directorate to reduce domestic and foreign exchange fraud, and fraud are limited, confirmed the Exchange project and delete the zeros will counterfeiters before the strong currency and counterfeiting.
Committee member Rep. Secretary Hadi on SMC (statement) to reactivate the role of the Directorate against economic crime in reducing fraud in local and foreign currencies is necessary and urgent, despite limited fraud which does not exceed 1 percent of the A. the presence of fraudsters requires action to reduce their activity and fight them in accordance with the law. "we call on all relevant official departments to this remarkable cases and monitoring in order to preserve the national economy and the public interest, at which time we delete zeros project will eliminate these cases once and for all and gives much smoother cash circulation and safety. The delay in implementing the draft three zeros from the currency, deletion and substitution groups traded paper came due to inadequate time for its implementation, but that the project is ready for application, but the time was not yet ripe. "appealed to the parliamentary Finance Committee member MP Abdul Hussein Al-yasseri, the Iraqi Government and the Central Bank to implement a project delete zeros and replace the current currency which as old and fraud. and member of the Committee said that Iraq needed new currency clean and tamper-proof that the old currency depreciated after circulation for a long Which became easy fraud and counterfeiting, as happens now.
The need project delete zeros and replace the current currency which as old and forgery. Committee Member said that Iraq needed new currency clean and tamper-proof that the old currency depreciated after circulation for a long time and which have become easy to forgery and counterfeiting also occurs. Al-yasseri said the draft late zeros deleted for various reasons is one of the most important projects that support monetary policy in Iraq as a new currency put strong and resistant to counterfeiters to reduce the size of rolling of banknotes and facilitate cash accounts in Iraqi banks. He was expected to start the project this year, but the new Governor was persuaded to postpone the project for unknown so far. This led to the postponement of the project is unknown so far. According to a member of the Finance Committee for the Kurdistan blocs Coalition MP nagiba Naguib, that national currency switch when you delete the three zeros from tubeless for legislation by the House, but to the directives issued by the Central Bank. Najib said that the Central Bank allowed the currency is valid and bank restructuring, so that the delete the three zeros does not need to legislate within the House, but the controls act as legislation to regulate the process of replacement currency. the Iraqi Central Bank said earlier that the draft delete zeros from the currency will begin in the new fiscal year starting in 2014 instead of the current year, while resolving the matter and completeness of its aspects, stating that the reason for the postponement of the implementation of the project was to not finish necessary preparations add to request The Government of the Bank should wait.
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