BAGHDAD (Iba) .. The Chairman of the Board of Directors Economy Bank for Investment and Finance to tighten control over border crossings and the Iranian banks to combat smuggling and counterfeiting of currency, stressing the need for a definition of the Iraqi citizen specifications of the official currency prevent the incidence victim of fraud by counterfeiters.
The economist said Husam Obeid that the process of smuggling currency out and the introduction of counterfeit currency into the country have a significant adverse impact on the Iraqi economy through the risks to the Iraqi currency of the fight against severe, leading to the lower exchange rate. said: Iran has advanced in the matter of printing and currency counterfeiting especially as the dollar fake it comes from Iran during the Iran-Iraq war as well as during the siege imposed on Iraq in the nineties of the last century, and today the issue has become inverted, as Iran is exposed to an economic blockade, which means that the smuggling of money and counterfeit currency will be active today, which could lead to confusion for the work of relevant departments such as the Central Bank and the Rafidain , and this will lead to negative results, we hope not to happen.
He added that public awareness is very important in this area, it must be recognized by every Iraqi citizen on the specifications of counterfeit currency, and the central bank to give the specifications of the official currency in order to avoid the occurrence of simple people victim to smugglers and counterfeiters, and Information also do an awareness campaign and wide in this area.
He is very important that is to tighten control over border crossings to reduce the smuggling of currency and control of some banks are exceptional, as it is certain that the main sources of currency trading is the banks, I see that tighten controls on Iranian banks and banks are working with is a very important issue in the fight against this phenomenon.