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Central Bank: outlaws deal banknotes withdrawn from circulation and fakes
01/11/2015 18:15
Long-Presse / Baghdad
CBI revealed, on Sunday, the presence of people (outlaws), dealing a foreign banknotes either withdrawn from circulation or fake, and among that those practicing fraud on the citizens through deceit hopes to achieve significant gains and opportunities are rare for investment, called on citizens and authorities security specialist to follow up on these things and not to deal with those banknotes and focus on Iraqi banknotes.
The bank said in a statement received (range Press), a copy of "the central bank noted in recent years, trading of foreign banknotes for some countries, some real and trader, and some of them drawn from circulation, as well as some foreign securities counterfeit."
The bank added that "such securities used by some weak souls of Outlaws for the purpose of fraud on the citizens through the lure them to replace the Iraqi dinar more than much real value, using pretexts and allegations that replaced constitute them big gains and rare opportunities for investment, and these Outlaws the law they do not have enough time to use the usual ways, and so on. "
And follow the bank in its statement that "some of these securities may be convertible in accordance with the applicable instructions, but the operating banks in Iraq as well as the Central Bank of Iraq do not deal with it, so the CBI calls on the public Quran and approaching security and control specialist follow up on these things and not to deal with those banknotes and focus on Iraqi banknotes and those that deal with the Iraqi Central Bank and the banking system to avoid falling into the trap of Outlaws.
It is noteworthy that Iraq has seen in previous years either before 2003 or after waves of counterfeit currency, began as a phenomenon in the nineties of the last century, after the imposition of economic sanctions on the country and the invasion of the former regime of Kuwait, if the feet of Iraq led to reprint its currency within the country to rising inflation indicators about is unprecedented, as well as the increasing incidence of counterfeiting at the time because of the lack of international standards adopted in printing currency.
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