Reports of New Fake Dinars in Circulation

On Wednesday a number of currency dealers in southern Iraq’s Nassirya City reported the spread of a new counterfeit 10,000-dinar notes, according to Aswat al-Iraq.

“We have noticed the existence of a false 25,000-dinar currency in the market, being cautious against it, but a new false 10,000-dinar note, with a very close print to the original currency, had been spread last week,” a shop-keeper told the news agency, saying that “this is a very serious matter and the government must stop it in every possible means.”

A petrol filling station worker said that the “number of cars trying to fill petrol in his filling station was huge, and he and his colleagues can’t easily differentiate between real and false currencies.”

Iraq Business News has also received unconfirmed reports that a judge in the Mosul area has been arrested for possession of fake Iraqi dinars.

The reports come just days after Iraq's Central Bank announced that it would redenominate its currency.

(Source: Aswat al-Iraq)


One Response to Reports of New Fake Dinars in Circulation

  1. EMMETT 3rd July 2011 at 22:33 #