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Iraqi Dinar 123 News :- Corruption and money laundering are some of the major issues for Iraq for last couple years. Both of these issues are going parallel and need to be addressed. Millions of dollars are laundered every year from Iraq in the nearby countries that cause million dollar loss to the country.

Iraqi Dinar 123 News :- It is very important for the people of Iraq to address the money laundering issues. These issues are related to the economic issues that the country is facing since long. There are several people who have been tracked down and arrested because of illegal activities in the currency investment and exchanging.

Central bank of Iraq have controlled the value of Iraqi dinar so well and the central bank did not let it down in the international market. But money laundering has become one of the big issue for economy of Iraq that need to be checked with rational steps that need to be taken as soon as possible.

Shkran Fatlawi, the banking specialist stress on the need of sophisticated banking policies to combat the money laundering or the economic development of Iraq. There must be a better system to monitor the movement of capital throughout the country. Otherwise the sick banking system can destroy the economy of the country.

Iraqi Dinar 123 News:- The private and banking sectors of Iraq are facing severe crises; they called in economists to help them out of the money laundering issue which is the major cause. Mahma Khalil, a member of the Economic Committee said that the private banks need help from the Central Bank to get out of their monetary issues.