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FRANK26: "THE MONETARY REFORM PROTECTS ITS GOLD"......F26
Gold Marking System.. Customs confirms no fake gold seized after one month of implementation
12/26/2024
The General Authority of Customs confirmed, on Thursday, that no cases of seizing samples of counterfeit or adulterated gold have been recorded since the implementation of the demarcation system at Baghdad International Airport last month, while indicating that the ASYCUDA system has achieved gradual progress in digital transformation.
The Director of the General Authority of Customs, Ahmed Al-Akidi, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the Authority continues to implement the process of marking and labeling gold jewelry at Baghdad International Airport, based on Cabinet Resolution No. (23/671), and this was done by opening a center for standardization and quality control inside the airport."
He pointed out that "this step contributed greatly to facilitating the entry of gold by providing safe procedures for its transport and registration," indicating that "no cases of seizure of fake or adulterated gold have been recorded since the implementation of this process began."
Regarding paper transactions, Al-Akeedi explained that “the Authority still relies on paper transactions,” noting that “the ASYCUDA system is being implemented gradually, with the aim of a complete transition to electronic transactions, as the current rate of electronic transformation is estimated at about 50 percent.”
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