The economic and investment commission unveils horrific scandals in the Iraqi Central Bank

The economic and investment commission unveils horrific scandals in the Iraqi Central Bank

30 Oct. 2012

. A member of the Committee on Economy and Investment parliamentary and white Iraqi MP Aziz Sharif Mayahi, Saturday, and the presence of large quantities of counterfeit coins of five-and ten thousand dinars, are currently traded in the country.

Mayahi said that counterfeit currency circulating in Iraq is the most compared to the proportions in the countries of the world, pointing out that the central bank failed failure significant action taken by the devaluation hard in front of the Iraqi dinar

He stressed that "the central bank noted in a recent presence quantities of counterfeit currency from a five and ten thousand dinars to be dealt with in the banks and markets in the cities and provinces of the country," warning citizens of "falling into the trap of scammers who are pumping money in the markets and government and private banks" .

The several governorates, including Karbala, Najaf and Babil, Wasit, and Sulaymaniyah, and Baghdad has seen during the last months of last year and early this year set the amounts of counterfeit currency, also detained by local authorities in these provinces several gangs specialized rigging and promoting counterfeit currency and to circumvent the citizens.

With some press reports revealed the existence of specialized presses forging currency in a number of areas of the capital Baghdad, falsify several currencies, including the Iraqi dinar and the U.S. dollar.

The financial authorities confirmed in Iraq, said the owners of banking offices exploit their offices in illegal operations such as the promotion of counterfeit currency, or involvement in money-laundering operations, which reports indicate local and international to it being widely in Iraq.

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