Central Bank Warned The Presence of Fake Currency Circulation in Iraqi Market

Central Bank Warned The Presence of Fake Currency Circulation in Iraqi Market

Iraqi Dinar 123 News:– On Sunday, the central bank of Iraq warned the Iraqi citizens that the counterfeit coins and currency notes are in circulation and fake currency is circulating in the country. The CBI also demands the unbeatable security from the regulatory authorities, to take extra-ordinary actions to control this major problem, which is giving a great loss to the Iraqi economy.

The CBI announced in a statement, the central bank of Iraq noticed that some foreign currency dealers are doing real trading and dealing according to the law and policies but some of them drawn currency from our circulation to smuggle other countries. He also added that they use weak people to sell or replace their counterfeit currency because weak people are a major source for such kind of frauds or criminal activities.

They replace the Iraqi dinar with attractive and more than their real value. The CBI also stressed that Iraqi citizens should deal only with the central bank of Iraq and our banking system, and stay away from falling into the trap of fake currency dealers.

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