Finance Ministry warns of the emergence of cases of corruption when you change currency

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Finance Ministry warns of the emergence of cases of corruption when you change currency

Detection and Undersecretary of the Ministry of Finance Fadel Prophet that the Iraqi Central Bank Egypt to change the Iraqi currency during the year, noting that there are risks that contribute to change the currency in the emergence of cases of corruption.

He stated the Prophet, "that when you replace the currency in banks, as happened during previous times , increases the likelihood of tuck and the introduction of counterfeit currency between the ancient coins that are replaced with new ones, and this increases the risk of corruption cases."

He pointed out that "the Iraqi Central Bank Egypt to replace the Iraqi currency new currency," pointing out that "changing the currency would not have state effects, and will be the same value of the currency of modern current value of the currency."

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Senior Economist calls for intensified efforts to prevent corruption during the lifting of the zeroes

called expert economic peace Sumaisem to condensing the efforts of the Ministry of Finance and Central Bank cooperation to ward off any cases of corruption may occur when you delete the zeros from the currency.

The Sumaisem told Coenurus Agency (news) on Tuesday: supposed to condense efforts during the process of removing the zeros from the Iraqi currency, decision makers the economic, whether by the Ministry of Finance, which raise the financial decision-making or the Central Bank, which raises the decision cash.

She Sumaisem: You must be the monetary authorities of the Central Bank has a punitive action through which you can maintain the non- the incidence of corruption and manipulation Still, it is the first and last of the legal authorities and political state-owned.

and sign and Deputy Finance Minister Fadhil prophet in a press statement earlier increase the likelihood of tuck and the introduction of counterfeit currency between the ancient coins that are replaced with new ones, and this increases the risk of corruption cases.

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