Post From KTFA By walkingstick » February 22nd, 2014,
Counterfeit currency spread .. again!!
February 22, 2014, 11:09 230 reading
BAGHDAD / electronic integrity - Iraqi citizens expressed fears of a return to the proliferation of counterfeit currency recently and frequently in the Iraqi market and is considered one of the major problems that seeks to demolish the country's economy and spreading phenomenon of suspicion and mistrust in the daily dealings between citizens.
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That's where the counterfeiting of currency in any country affects the national currency through real spread, leading to stagger the economy within the local markets, as well as helping to smuggle currency out of the country in twisted ways.
Warned Deputy Finance Committee Chairman Ahmed Faizullah, the spread of counterfeit currency in the local market because it would hurt the national economy, calling on the concerned authorities of the central bank and the security agencies to take the necessary measures to reduce them.
Faizullah said: "The spread of counterfeit currency in the local market due to the deteriorating security situation and the absence of effective control on the market."
He added: "It's the security services of the Directorate of Economic Crime control and knowledge of local markets,
the sources of these currencies to catch from the by promoting in order to save the national economy from the economic disaster if the continued prevalence of this phenomenon."
A member of the Finance Committee MP Magda Tamimi: The number of counterfeit securities, according to the report of the Central Bank,
amounted to 2301 banknotes out of 88 million banknotes deposited at the bank, noting that the proportion of these counterfeit banknotes estimated at about three thousand percent.
She added that the percentage of counterfeit securities during October last was low and estimated at about one percent per thousand out of 103 million banknotes deposited with the central bank.
Said financial expert, the appearance of Dr. Mohammed Saleh: "The rigging of the currency of economic crimes, and then forgery attack on property rights, a form of theft, and a threat to national security,
and historically subject counterfeit currency into three types,
the first is called forgery or falsification of an amateur, and they usually those who have the ability and knowledge to extract banknotes are similar to a large extent in the tradition of the original currency,
and are used to fool the simple people who do not have sufficient experience in discrimination, and
the second is an intelligence among nations "war fraud" depends on sabotaging the economy of certain countries are fighting among themselves in this area, and the aim is to tuck in large quantities of counterfeit currency to weaken the economy or to oust him, and
the third is a commercial done by the Argonauts aim is to make a profit at the expense of little physical safety of the country's economy. "
It is proposed that the financial expert that is activated side intelligence to fight this dangerous phenomenon of the province on the national economy, with the need to be in the currency of the properties and ensure that signals safety as a commodity strategy,
and in all cases, whenever the developed technology in the world has increased the demand for fraud, is a conflict eternal in various countries, as polls suggest inaccurate to the existence of two billion dollars forger in the world,
and even the United States has suffered from counterfeit currency, and the appearance that the sense of intelligence, security and international relations is important, because Iraq was a member of the organization, money laundering, and the countries cooperate with each other to fight this common phenomenon.
Adding: Every period of time has to be to make changes and put the advantages and blades in the Iraqi currency is difficult to imitate, and to rely on high-quality paper and colors, printing and standards adopted in the currencies of the world,
though she did not visit until now largely complete, and the existing categories forged devoid of any precise specifications, including phosphoric line and mark the horse's head and the type of paper and printing precision.
For his part, leading Aziz, director of Al-Rimal specialized sale of hard currency that "fraud on the market since a long time but have begun to increase, more and more, where it began the category of the (10000) dinars, and now increased fraud and dramatically category of the (5000) dinars."
Aziz said that "the process of fraud is very accurate, making it difficult to distinguish between editions (potable and counterfeit) not only in the currency of the dinar and the dollar but even in some cases, especially class (100) dollars."
He added that "the victim first and last ordinary citizens of these operations because it is difficult for him to know forgery, while the teller, according to his experience reveals the process of financial fraud in the currency regardless of the devices detect fraud."
A spokesman for the Interior Ministry Brigadier Saad Maan: managed security force of the Ministry of Interior of the arrest of the gang counterfeiting currency competent after receiving information pointed to the place of their presence.
He explained: that the force rushed to the area of the eastern section has ambushed a gang members and arrested him, and then follow the remaining individuals were arrested, were seized in possession of 12 million dinars, forged from the categories of 5 and 25 thousand dinars.
He added that the gang admitted its crimes and its rigging the currency since 2004, noting that the total of counterfeit Iraqi currency, which they rigged amounted to about three billion dinars.
With a number of citizens have complained in the provinces of Baghdad, Dhi Qar, Babylon and Saladin of the spread of counterfeit currency and dramatically in the market, what caused them to resort towards the purchase of dollar to keep their money.
The process of counterfeiting has become a lucrative business with the outlaws, where they appear from time to time and other cases of counterfeiting Iraqi groups with five thousand and ten thousand dinars.
He was declared the official spokesman of the Ministry of Interior Directorate enable economic crime police department in Salahuddin province, of the arrest of a gang specialized rigging foreign currency and possession of counterfeit U.S. $ 130 000.
The Interior Ministry also said in a statement the middle of last March that "the power of the police to combat economic crime in Dhi Qar was able to adjust the printing press to the counterfeiting of currency during an inspection of one of the houses in the neighborhood of Sumer the center of the city of Nasiriyah," noting that "the force found the amount of 1.521 million JD forged from all categories. "
In turn, on behalf of al-Tamimi, a researcher financial, that "the operations of printing counterfeit currency are outside the country, because it is a complicated process and accurate through which revealed a cipher security in the currency, as evidenced by the process spread the categories of (5000-10000) dinars, and not all currencies."
Tamimi said, "The proliferation of these currencies in the market and distort the reputation of the dinar lose confidence handle it, and this will impact on the national economy, calling on the security agencies to combat this phenomenon and the arrest of the perpetrators."
He pointed out that "most of the merchants and citizens prefer to deal in the last period of the dollar without the dinar to avoid the phenomenon of fraud, and this is what led to the increased demand to buy the dollar over the last period and increased its price against the dinar."
The central bank has asked all banks months before the disclosure of the measures taken against the applicants fake banknotes.