The counterfeiting of currency and economic terrorism
The counterfeiting of currency and economic terrorism
Monday, 22 March 2010
On behalf of Abdul-Hadi Hassan
Before the close was announced in the media to capture the gang had intended to enter large amounts of counterfeit currency into Iraq, despite the importance of this news, but it passed almost unnoticed and did not take adequate space formal attention or the media and probably because it coincided with the days to the election and airspace, which pulled the rug out from under the feet of other news
Even news of a lack of water from Rusafa in Baghdad for three days, comes this story in the context of the invitation to stop by the news and give importance to this call does not come from being a economically and care about the news only in economic but because the currency is a symbol of sovereignty first and being can be one of Rooms terrorist war II, especially after the relative success on the ground, in order to clarify that we will try to answer the following questions:
What's the importance of money in the economy? Where is the value? Are there other currencies without visiting? And the impact of counterfeiting on the economy?
As we have to say that the currency is one form of money, where money is generally defined as any broker exchanges enjoy general acceptance in the fulfillment of the commitments of money has gone into the historical development of its several forms, where the world has witnessed continuous development in the nature of things, which rose to the rank of money in order to overcome obstacles to the completion of transactions and reduction as much as possible of the costs of transactions, it is of goods in general to the use of metals and minerals to focus on gold, silver and paper money to them and from there to cash deposits (check), and finally to electronic money.
The importance of the currency as the cash comes from the fact that money performs a range of traditional functions associated with the already historic Balncop of money and that are related with each other, a measure of values and a median of exchange and a tool or a store of values and a tool for futures and payments of these posts is the frame or engine economy each year, how is the exchange unless there is no tool for the exchange and how to evaluate things (goods and services) unless there is a measure of values as well as the role of money in the savings and payment term, and usually is expressed as the value of the currency through a currency other neutralized after it had to be offset by gold or silver in the past decades But that stopped in the early seventies of the last century with the announcement of the United States not to convert the dollar to gold in another currency, the dollar has come under the gold, so the major currencies floating on the basis of the Convention on Jamaica in 1973 and is determined Akiemha based on supply and demand in the market with adopted the currencies of developing countries to link major currencies and some believe that the exchange rate the currency reflects the economic strength of their currency and I'd like to say that the exchange rate does not reflect the economic strength of the currency, for example, that the Jordanian dinar is equivalent to 1,3 U.S. dollars, while the Japanese yen equivalent of up to 0,1 U.S. dollars and Japanese yen, but remains a major international currency, and this is due to the power of the Japanese economy and the size of its contribution to world trade.
I have been currency and regardless of its strength and its contribution to the international monetary system and the degree of development of the exporting country and its history to the fraud has not assumed the duties of that as almost a dollar, which is the first currency in the international monetary system to fraud, as many European currencies were replaced by the euro out to the forgery also for the developed countries either the currencies of countries, the counterfeiting of months and this is due to poor procedures and the security capabilities in comparison with developed countries, but the consequences of the counterfeiting of currency on the economies and almost one-dimensional, where it starts to shake the confidence of customers, which creates state of transformation in the possession to the other currencies or commodities for fear of devaluation, to varying degrees depending on the amount of counterfeit currency as it delays the processes of trade and mitigates sometimes as it increases government spending in the areas of monitoring, auditing and oversight in the security and economic, and return to the article I first say that the success of Iraqi security to thwart fraud and the introduction of counterfeit currency into the country as well as the high standards enjoyed by the current Iraqi currency and therefore difficult to forge and counterfeit detection easily are all positive factors, but this issue needs to follow up and greater focus in the coming period, especially after the formation of a new government which will be the economy is also a stage for real competition and so as not to use counterfeit currency as an input to economic terrorism.
http://translate.google.com/translat...n&hl=&ie=UTF-8 [/B]
