Central Bank warns of fake foreign securities trading
Economy News _ Baghdad:
Last Updated 27/04/2017
- 13:29
Iraqi Central Bank warned on Thursday of the existence of fake foreign securities, are traded between the weak people, denying Iraqi banks deal with these papers

The central bank said in a statement, "Economy News" received a copy of it, that the central bank in recent years note the trading of foreign banknotes for some countries some real trader, and some of them drawn from circulation

He added that some foreign counterfeit securities, by some weak souls of outlaws, for the purpose of fraud on the citizens through lure them to replace the Iraqi dinar much more than their real value

He noted that weak people are using pretexts and allegations that the replacement of money is a big gain for them and rare opportunities for investment adding that these (outlaws), they do not have enough time to use the usual ways

He explained that some of these papers may be transferable in accordance with applicable instructions but the banks operating in Iraq as well as the Central Bank of Iraq do not deal with it

He called upon the Central Bank of Iraq to "public and approaching the security and regulatory specialized follow-up of these things and not to deal with those banknotes stressing the need to focus on the Iraqi banknotes and those that deal with the Iraqi Central Bank and the banking system to avoid falling into the traps of law-breakers
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