Fake images circulated on social media
Central bank of Iraq denies issuance of new 100,000 IQD note
NEWSROOM — The Central Bank of Iraq has denied issuing a new 100,000 dinar note, stating that the image circulating on social media is fake. The bank also warned against dealing with this counterfeit currency if anyone attempts to use it for fraud.
The bank clarified that it has not released any new banknotes of this denomination. “The circulated image, featuring the late Iraqi architect Zaha Hadid, is a forgery,” read a statement from the Central Bank of Iraq.
The bank urged citizens to exercise caution and avoid handling the counterfeit note if it appears. It also emphasized that there are no current plans to print new currency and that it will take legal action against those who produce or promote such counterfeit currency.
After the fall of the Baath regime in 2003, the Coalition Provisional Authority issued a new Iraqi dinar on October 15, 2003. The new Iraqi dinar included denominations of 250 dinars, 1,000 dinars, 5,000 dinars, 10,000 dinars, and 25,000 dinars.
In 2004, a 500 dinar note was added to the currency series. On January 2, 2005, the Central Bank of Iraq issued two coins in denominations of 25 dinars and 100 dinars, followed by a 50 dinar coin later that year. However, due to their low value and limited circulation, the coins were withdrawn from use in 2009.
In 2015, the Central Bank issued a new 50,000 dinar note. It remains the highest denomination.
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