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CBI News 01/09/2018


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How to recognize the counterfeit Iraqi currency?

In the economy  January 9, 2018 on how to recognize the counterfeit Iraqi currency? Closed  34 visits

 
 

BAGHDAD / SNG - The Central Bank of Iraq, the design of an illustration of Iraqi currencies the truth of counterfeit. 
The design showed "the most important points in Iraqi currencies."

 

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Central Bank warns citizens of counterfeit currency
 
 
 

Central Bank warns citizens of counterfeit currency

 
Baghdad Ahmed al-Nuaimi

10 January 2018 

The Central Bank of Iraq published  on Wednesday special pictures containing security signs of the Iraqi currency, asking citizens to know them to avoid falling into the trap of counterfeit currency, which spread in the country.

 

The instructions of the Central Bank came less than two weeks after the publication of the "new Arab" report on the twenty-ninth of December last, revealed the unprecedented spread of counterfeit currency , in light of weak government control of currencies traded, as an official of the Ministry of Interior that At least 200 counterfeit currency networks are active in different parts of the country.

 

A statement by the central bank on its website entitled "Know Your Money", contains pictures of Iraqi currencies and security signs, which can distinguish between the real and counterfeit currency.

 

The currencies included 250 dinars to 50 thousand dinars, accompanied by arrows indicating security signs, which include safety thread, watermarks, transparent ink and transparent window.

 

Bank experts say the signs help citizens identify the right currencies from counterfeited trading, buying, selling and trading.

 

Financial expert Abdul Samie Al-Jubouri told Al-Arab Al-Jadid that the Central Bank's publication of these instructions was due to the spread of organized forgery, adding that this step would "prevent fraud by introducing citizens to counterfeit currencies directly."

 

"  Citizens should learn and keep security signs because they are necessary in financial transactions, sales, buying and trading, especially for exchange companies and offices," he said.

 

Hardly a month passes but security authorities reveal a network of counterfeiting and printing presses for counterfeit currency, according to security sources.

 

Currency traders and money changers talk about counterfeit currency controls daily through audits with accumulated experience.

 

Amer al-Salhi, the owner of a money exchange in the capital  Baghdad , "The currency checks to detect counterfeit them take time and effort, but necessary, and daily reveal the Iraqi currency worth between 200 to 300 dollars."

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