Thursday, April 24, 2025
Central Bank of Iraq Warns about Fraudulent Banknotes
Central Bank of Iraq Warns about Fraudulent Banknotes'
The Central Bank of Iraq (CBI) has issued a warning to the public regarding the circulation of foreign banknotes - including authentic, withdrawn, and counterfeit currency - used by fraudsters to deceive citizens.
According to the CBI, criminals lure individuals into exchanging these notes for Iraqi dinars at inflated rates under the false promise of exceptional investment returns. It gave examples of Venezuelan and Belarusian currencies.
The bank urges citizens and relevant security and regulatory authorities to remain vigilant and avoid dealing with any foreign notes outside the officially recognised currencies handled by the central bank and licensed banks.
(Source: CBI)
MAJEED : Remember when banks used to deny the RV???
MAJEED
Remember when banks used to deny the RV??? Remember when banks used to tell people “ oh don’t believe the RV speculation” Now everything coming up to surface Now banks accept, IQD IRR VND
Huntington Bank in Michigan now accepts the Iraqi dinar, Indonesia Rupiah, and Vietnam Dong 
Central Bank of Iraq Revokes Another ForEx Licence
Central Bank of Iraq Revokes Another ForEx Licence
The Central Bank of Iraq (CBI) has revoked the licence of Taiba Land Companydue to what it describes as violations of Regulation No. (1) of 2022, which governs the operations of exchange and brokerage firms in Iraq.
Click here to see the full statement from the CBI.
(Source: CBI)
TIDBIT FROM CLARE
Clare
Article: "The dollar continues to decline against the dinar in Baghdad"
Quote: "The exchange rate of the US dollar against the Iraqi dinar continued to decline on Tuesday morning in Baghdad markets."
Article: "Al-Nusairi confirms that the Central Bank's approach to banking reform and development contributes to accelerating Iraq's accession to the World Trade Organization."
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