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Bank Director of economy calls for border crossings tighter control, Iranian banks to combat currency smuggling & counterfeiting

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Bank Director of economy calls for border crossings tighter control, Iranian banks to combat currency smuggling & counterfeiting

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Director of the Bank of the economy calls for tighter control of border crossings and the Iranian banks to combat smuggling and counterfeiting of currency

On: Friday 03/02/2012 13:24

Baghdad (news).. called economic expert, director of Egypt's economy for investment and funding Husam Obeid 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.

Obaid said (of the Agency news) Friday: The process of currency smuggling abroad 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.

The slaves: that 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 smuggling and money counterfeiting of currency will be active today, which could lead to considerable confusion in the work of relevant departments such as the Central and the Rafidain Bank, and this will lead to negative results, we hope not to occur.

He slaves: 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 continued: the media also do an awareness campaign and extensive this area.

And it 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.

Obaid stressed the need to tighten controls on Iranian banks and the banks that are dealing with is a very important issue in the fight against this phenomenon. / End / 33. N. R /

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