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A Judicial Report Talks About Organized Gangs That Counterfeit Currency…And The Dollar And The Dinar Are More Targeted
Reports| 12:51 – 12/08/2021 Baghdad – Mawazine News The crime of counterfeiting currency does not only harm money and its dealers, it represents an assault on the sovereignty of the state, undermines confidence in the official currency and leads to its devaluation, and the widening circle of currency counterfeiting generates a reason for the involvement and inclusion of the largest category of innocent individuals (citizens) who fall into their hands. .
About this crime, the Integrity Investigation Court judge, Ahmed Muhammad Al-Maryani, speaks according to the judiciary newspaper, saying, “Beginning with the definition of forgery, we must understand its concept. Forgery is a language that alters or alters the truth.
The Iraqi legislator defined it in Article 280 of Penal Code No. 111 of 1969 that it is considered a counterfeiting of a coin to reduce its weight or paint it with a paint that makes it more like coins than they are more valuable,” noting that “the currency is the main tool for dealing between people, which calls for trust between them and insurance. trust her.”
Al-Maryani added that “the crime of counterfeiting is one of the crimes against the state’s financial reputation since the early ages, and due to its seriousness, it was considered one of the important crimes, and this is what the Iraqi legislator approached,” pointing out that “given the importance of the crime, criminal laws stipulate an exception to the principle of territoriality, so the jurisdiction of national law is held.
” The country whose currency has been counterfeited regardless of where the crime was committed or the nationality of the perpetrator because it affects the basic interests of the state because it does not trust the interest of other countries in this crime.”
Judge Al-Maryani confirms that “this is what the Iraqi legislator has done by stipulating that Iraqi law should be applied, and the Iraqi courts are competent to look into these crimes regardless of where they were committed and the nationality of the perpetrator in Article 9, second paragraph of this, as well as the Central Bank of Iraq Law No. 56 of 2004 and its amendments have indicated In Article 49, what is meant by counterfeit money is punishable by Articles 51,
He pointed out that “organized gangs for counterfeiting currency exist inside and outside Iraq, and it is one of the international crimes that are carried out by specialized organized gangs whose members from different countries may participate in committing the crime,” noting that “the facts have proven that those involved in counterfeiting currency are of different nationalities and in the form of Organized networks, as mentioned above, are cross-border crimes.
As for the currencies targeted in Iraq, he explains that most of the currencies that are subject to counterfeiting, “the US dollar and the Iraqi dinar, and the reason for choosing them by the gangs specialized in counterfeiting is due to the large number of circulation and dealing with them inside the country by the citizens,” noting that “the counterfeiting of the currency is subject to advanced and new methods of Before these gangs, they used advanced technology, including computers, as well as special papers and inks.”
Regarding the method of detecting these currencies, the competent judge stated in his speech that “the detection of counterfeit currencies is carried out by specialized authorities in the Central Bank of Iraq, where the seized currency is sent with lists containing numbers and currency sequences, and there they are examined by technicians specialized in this field, and then they provide the court with reports. Examination of the currency,” noting that “the Central Bank has nothing to do with mentioning the counterfeit currency, its numbers and the categories used, but its role is limited to examination by technicians and determining the fake one or not.”
The judge of the Integrity Investigation Court concluded that “the law currently in force is the Central Bank of Iraq Law No. 56 of 2004 and that the penalty stipulated is in articles 51 and 52 of it, where Article 51 punished a fine of no more than fifty million Iraqi dinars and imprisonment for a period not exceeding five years. or both together,
The security forces are able from time to time to arrest large gangs possessing counterfeit sums. In the capital, Baghdad, they seized quantities of counterfeit money with a printer designed for forgery and counterfeiting currencies, and forged sums of money amounting to (15) million Iraqi dinars and (3,700) US dollars,
while they threw The Intelligence Agency arrested a currency counterfeiter who traded in counterfeit foreign currency, denomination of (100) dollars, and a counterfeit money press for Iraqi currency was seized in one of Baghdad’s regions by detachments of the Baghdad Intelligence and Security Directorate and in coordination with a joint security force after they were able to seize a counterfeit money press containing counterfeit money estimated Thirteen billion Iraqi dinars and twenty-three thousand US dollars,
while a visual gang was arrested earlier, calling itself the doctor, and promoting counterfeit currency in the province, specialized in counterfeiting local and foreign currencies. Ended 29/A43 https://www.mawazin.net/Details.aspx?jimare=163592
The Rise In The Iraqi Stock Market Index In The Arab World
Stock Market. “Economy News” Market Economy News – Baghdad The Arab Monetary Fund issued the thirteenth issue of the “Monthly Bulletin of Arab Capital Markets”, which is concerned with monitoring developments in Arab financial markets, based on the Arab Monetary Fund’s database of Arab financial markets, and data of Arab stock exchanges.
The bulletin, which was followed by “Economy News”, stated that “the Arab Monetary Fund’s composite index of Arab capital markets ended last July’s transactions, rising by 0.05%, compared to June 2021, to reach about 469.58 points.”
The performance indicators of the stock exchanges of Iraq, Tunisia, Bahrain, Saudi Arabia, Damascus and Qatar recorded an increase of less than one percent. As for the level of trading value, the stock exchanges of Muscat, Bahrain, Damascus and Iraq recorded the highest rates of decline in the value of trading during the past month, with rates ranging between 52.74 and 93.51%.
The trading volume in the Arab stock exchanges decreased by 79.2%, as all Arab stock exchanges witnessed a decrease in their trading volume, led by the Iraqi and Damascus stock exchanges.
Views 113 Date Added 12/08/2021 https://economy-news.net/content.php?id=25950
Dollar Exchange Rates In The Iraqi Market Today
Economie| 12:18 – 12/08/2021 Baghdad – Mawazine News publishes / Mawazine News /, the exchange rates of the dollar in the local markets for Thursday, (12 August 2021).
BAGHDAD – Bursa fight 147.950 price in most of Baghdad Asirvat buy 147,500 Sale 148.250
Erbil – Bursa 148.100 Basra – Stock Exchange 148,100
Al-Maliki Stresses The Importance Of Strengthening Iraqi-American Relations And Activating The Strategic Framework Agreement Concluded Between The Two Countries In 2008
Thursday 12 August 2021 15:38 | political Number of readings: 136 Baghdad / NINA / – Head of the State of Law Coalition, Nuri al-Maliki, stressed the importance of strengthening Iraqi-American relations, continuing dialogue and activating the strategic framework agreement concluded between the two countries in 2008, leading to a strategic partnership in various fields that serves the mutual interests of the two friendly countries.
Al-Maliki said during his meeting with the US ambassador to Iraq, Matthew Tueller, that Iraq today is experiencing an atmosphere of preparations for the elections, calling on the United States of America and the international community to support Iraq in holding transparent and fair elections that will take place on schedule.
For his part, the US ambassador to Iraq stressed during the interview the continuation of cooperation between his country and Iraq in various fields, in addition to his support in holding free and fair elections that guarantee wide participation of the Iraqi people.
A statement by Al-Maliki’s media office said that during the meeting, they discussed the political and security developments in Iraq and the region, and the ongoing preparations for holding early elections, as well as a number of issues of common concern. / https://ninanews.com/Website/News/Details?key=921031