Iraqi authorities seized 55 million dinars false
Jumaily said Fahd member of the government to follow up the currency and reduce the phenomenon of counterfeiting, told the Kurdish news agency (Akanus) that "a specialized committee of the General Secretariat of the Council of Ministers to coordinate with the Ministry of Finance, Interior, and the central bank to adjust the counterfeit currency."
He added that "the government last month raised approximately 55 million dinars fake KD 12 million in Kirkuk and in Baghdad and in Basra 11 million 7 million dinars In Anbar, 7 million dinars in the Dhi Qar 5 million with the rest of the amount distributed to the governorates of Iraq."
Iraq Stock Exchange: 100 thousand dinars for the delay in disclosure of annual reports
a fine of 100 thousand dinars for each month or part of it starting next month.
Mosul University warns of negative effects on the economy in the event of deletion of zeros from the currency
He Alchukrgi that "the deletion of zeros will not contribute to the re-evaluation of the Iraqi dinar to what it was before 1980, when he was equal to the U.S. dollar," noting that "the decision will increase the rate of inflation rates is unexpected and significant beyond the capacity of the Central Bank and the Iraqi government and will bear the citizen Simple. "
He called Alchukrgi to the "implementation of this resolution after processing all the problems facing the Iraqi economy, which depends primarily on the revenue of oil only after it was disrupted all other sectors," pointing out that "there are international experiences similar under which the deletion of zeros from the currency they suffered the failure of a large in countries that have been applied where Argentina, Brazil ".
The Central Bank of Iraq revealed, in (January 14, 2012), his intention to put a big three categories after deleting three zeros from the Iraqi dinar, pointing out that the process of replacing the currency will take two years.
Banking expert: just a handful of banks, government tanks to government accounts, no more
The World Bank said the government needed to clean up banks' balance sheets and strengthen oversight of the financial system and the achievement of equality to allow private sector competition.
Central: Corruption is rampant in the government-owned banks can not anyone be touched because it is a government
And "Reuters" quotes in a report, "Saturday," the deputy governor of the Central Bank of Iraq the appearance of Mohammed Saleh, said that corruption is rampant in the government-owned banks and their activities are weak and can not anyone touched because it is affiliated to the government and everyone is afraid. "
Saleh said that the biggest weakness of the state banks is the lack of an internal network linking the branches as they find it difficult to electronic settlement of checks to the lack of electronic communication system of payment of the Central Bank.