TUESDAY, FEBRUARY 21, 2012
The Commission on economy and investment representative, Tuesday, that the counterfeit currency in circulation in Iraq is “the least” compared to the proportions existing in the countries of the world, pointing out that the central bank “failed” the measures taken to reduce the price of hard currency in front of the Iraqi dinar.
A member of the Committee of Economy and Investment Abdul Hussein Abtan in an interview with “Twilight News” that his committee “reviewed the details of the issue of counterfeit currency, and found that the ratio existing in the country is much lower than the rest of the world,” stressing that “no country is free from counterfeit currency, but with varying proportions. “
The Abtan that “the central bank has taken measures to reduce the price of the dollar against the Iraqi dinar, but the results were on the contrary,” noting that “the Commission demanded that the central bank to take new steps to address this matter.”
He accused the Member of the economy and investment did not identify points of being behind the deployment of counterfeit currency and promote them.
The Committee on the economy and investment representative had met on Monday with representatives of the central bank to stand for the economic conditions in general, and discuss the most important issues related to the policy of the currency in the country.
The Central Bank of Iraq, the sixth of January, a rise in foreign currency reserves to $ 60 billion, for the first time in the history of Iraq, after it was its reserves in 2010 had reached $ 58 billion.
The central bank held the Iraqi daily sessions for buying and selling foreign currencies with Iraqi banks that fund the traders from the private sector, excluding 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.
http://bit.ly/z5297e
