Home
The Central Bank of Iraq "warns" against the circulation of souvenir notes denomination of one million US dollars
July 25, 2024
The Central Bank of Iraq renews its warning against the promotion of souvenir bills in the denomination of “one million” US dollars that are used to defraud and defraud citizens.
Emphasizing that the security and regulatory authorities will pursue the people who promote these memorial papers and take legal measures against them.
Pointing out that the highest denomination in circulation for the US dollar is the $100 denomination.
It is noteworthy that the aforementioned commemorative note is not circulated in the global money markets as it is issued by the American Millionaires Association.
This note is not considered a banknote because it is not issued by the US Federal Bank and does not represent any financial bond, and is used for gifting purposes only.
In February 2020, the Central Bank of Iraq warned against the circulation of the “one million” dollar bill because it is a non-cash paper.
Central Bank of Iraq
information Office
25 - July - 2024
https://cbi.iq/news/view/2625
July 25, 2024
The Central Bank of Iraq renews its warning against the promotion of souvenir bills in the denomination of “one million” US dollars that are used to defraud and defraud citizens.
Emphasizing that the security and regulatory authorities will pursue the people who promote these memorial papers and take legal measures against them.
Pointing out that the highest denomination in circulation for the US dollar is the $100 denomination.
It is noteworthy that the aforementioned commemorative note is not circulated in the global money markets as it is issued by the American Millionaires Association.
This note is not considered a banknote because it is not issued by the US Federal Bank and does not represent any financial bond, and is used for gifting purposes only.
In February 2020, the Central Bank of Iraq warned against the circulation of the “one million” dollar bill because it is a non-cash paper.
Central Bank of Iraq
information Office
25 - July - 2024
https://cbi.iq/news/view/2625
