INSTANCES OF MONEY COUNTERFEITING INCREASED IN ARMENIA

PanARMENIAN.Net
27.03.2009 16:40 GMT+04:00

/PanARMENIAN.Net/ Counterfeiting, storage and realization of fake
money are deemed the most serious among economic crimes, since they
undermine foundations of economy, Head of Senior RA Police Department
for Organized Crime Prevention (SDOCP) Hunan Poghosyan told a news
conference on corruption and economic crimes prevention.

"Fake money is not often found in circulation. We’ve confiscated the
total of AMD 999 300, and AMD 315 000 worth of metallic coins. Still
we’re seriously concerned about crime rate increase: 80 cases of
money counterfeiting in 2008 against 57 cases in 2007. AMD1000 and
5000 notes are being mostly counterfeited," says Poghosyan. The
authorities are concerned about the counterfeit of metallic money,
as serious machinery is required to strike metallic coins, whereas,
to counterfeit paper money, only Xerox machines are necessary. He
found it difficult to name the country of fake money origin.

According to SDOCP Head, to repair current situation the Department
undertook steps to increase investigations’ effectiveness. Money
Counterfeiting Prevention program took effect in Dec. 30, 2008 to
strengthen prevention methods, intensification of police collaboration
and other interested structures. Hunan Poghosyan ventured a supposition
that steps undertaken will allow money counterfeiting prevention
struggle and register a positive shift in the discovery of economic
crimes.