The Central Bank denies the spread of fake banknotes in the markets
The Central Bank denies the spread of fake banknotes in the markets
1-31-2023
Information / Baghdad..
Today, Tuesday, the Central Bank clarified the mechanism for identifying counterfeit local currencies, and indicated that the counterfeiting is weak and is discovered by the public, and confirmed that it did not indicate any increase in this regard.
The Central Bank’s advisor, Ihsan Shamran Al-Yasiri, told the Iraqi News Agency, and I was briefed by him, that “the Iraqi banknotes denominations (10 thousand dinars, 25 thousand dinars, and 50 thousand dinars) include a transparent window, which has become one of the strongest paper currencies issued by the Central Bank, and it is a document in which A transparent window, and one of its characteristics is the appearance of an image of Malawi if its background is white, and it also shows the denomination number if its background is black.”
He emphasized that “the banknotes currently in circulation are issued by the Central Bank,” pointing out that “the counterfeit notes are clear.”
He stated that “the central bank did not indicate any increase in the frequency of currency counterfeiting.”
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