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Central Bank increases fines on banks that deposit counterfeit cash to 700% DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Central Bank increases fines on banks that deposit counterfeit cash to 700%

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Central Bank increases fines on banks that deposit counterfeit cash to 700% Empty Central Bank increases fines on banks that deposit counterfeit cash to 700%

Post by RamblerNash Thu Nov 16, 2017 2:25 am

Central Bank increases fines on banks that deposit counterfeit cash to 700%

Central Bank increases fines on banks that deposit counterfeit cash to 700% 3427

Logo of the Central Bank of Iraq

11/16/2017

Economy News Baghdad:

The Central Bank of Iraq decided on Thursday to increase the fines on banks that deposit counterfeit money to 700%, adding that the foreign currency deposited will be confiscated as Iraqi securities.

The bank said in a press statement received by "Economy News" that "in order to reduce the appearance of counterfeit securities and differences in the increase and decrease and different categories and the emergence of foreign currency in the deposit by you at this bank has been decided to increase fines for these cases," noting that " Banknotes counted and counted as of November 11 present. "

The bank added that "the percentage of fines for counterfeit banknotes will be increased from 500% to 700% with compensation by the bank, and will be fine for the shortage discovered in the banknotes from 100% to 250% with the compensation of the shortfall," adding that " Will receive 5% of the value of the buried banknotes. "

The bank said that "the increase in deposits and deposits will be confiscated in the account of the revenues of the Central Bank, in addition to the confiscation of various groups discovered in bank deposits of Iraqi banknotes as an increase from the papers authorized by you with the compensation of the shortage," pointing out that "will also The confiscation of foreign currency securities discovered within the Iraqi banknotes and record revenues of the Treasury General.

http://economy-news.net/content.php?id=9786
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