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Iraq Dinar Counterfeit Scheme Uncovered!
December 10, 2007

Counterfeits Valued at 900 Million Dinars Uncovered!

It was only a matter of time that a counterfeit operation would be uncovered. Over the last week this was posted by the news service bureau of the Multi-National Corps - Iraq, Public Affairs Office, Camp Victory:

No. 20071130-09
November 30, 2007
Iraqi Army seizes counterfeit money
Multi-National Division - Baghdad PAO

FORWARD OPERATING BASE LOYALTY, Iraq Iraqi Army troops captured two suspected insurgents and recovered counterfeit Iraqi dinars during an operation in eastern Baghdad, Nov. 27.

More than 900 million counterfeit Iraqi dinars was uncovered in the operation, along with a printing press and four computers. The press and computers were also seized.

The suspects are being held for questioning.

The denominations and identifying information was not forthcoming when asked.

So there will be some interesting collectibles out there. And do be careful when buying bulk lots of currency on various internet auction sites.


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About the Author
George Cuhaj has been with the Krause Publications numismatic team since 1994. He is editor of the various editions of the Standard Catalog of World Coins and the Standard Catalog of World Paper Money. Prior to joining KP, Cuhaj was employed by the American Numismatic Society and Stack's Rare Coins, both of New York City. He is a Fellow in both the Royal Numismatic Society and the American Numismatic Society. He also is a life member and past board member of the International Bank Note Society. Cuhaj was elected an Allied Professional Member of the National Sculpture Society and has had his medallic work exhibited internationally.

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