Central Bank of Iraq Denies Rumors of New 100,000 Dinar Note Featuring Zaha Hadid

The Central Bank of Iraq (CBI) has firmly denied circulating a new 100,000 dinar note featuring the late Iraqi-British designer Zaha Hadid. This announcement comes in response to images that went viral on social media, which the bank has labeled as 'fake.'

In an official statement, the CBI emphasized that it has no plans to introduce new currency notes and warned citizens to be cautious. The bank also stated that it would pursue legal action against those who produce or promote counterfeit currency. 'The allegedly new banknote which went viral on social media is fake,' the CBI declared.

Why this matters: The Central Bank of Iraq's denial of the new 100,000 dinar note has significant implications for the country's economy and financial stability. If left unchecked, the spread of counterfeit currency could lead to financial losses for citizens and undermine trust in the banking system.

The images of the fictitious note, depicting Hadid alongside Iraqi symbols, sparked speculation and buzz online. However, the CBI's statement has put these rumors to rest, urging people to avoid handling the counterfeit note if it appears.

Zaha Hadid, a revered designer known for her innovative designs, passed away in 2016. Her inclusion on a banknote would have been a significant tribute, but the CBI clarified that no such plans exist.

After the fall of the Baath regime in 2003, the Coalition Provisional Authority introduced a new Iraqi dinar with denominations ranging from 250 to 25,000 dinars. In 2015, the CBI issued a 50,000 dinar note, which remains the highest denomination in circulation.

The CBI's swift response to the counterfeit note rumors highlights its commitment to maintaining the integrity of Iraq's currency. By taking legal action against those spreading forgeries, the bank aims to protect the public from potential financial harm.

To reiterate, the Central Bank of Iraq has made it clear that the images of a new 100,000 dinar note featuring Zaha Hadid are fraudulent. The bank urges citizens to remain vigilant and avoid engaging with any counterfeit currency.

Key Takeaways

• CBI denies introducing a new 100,000 dinar note featuring Zaha Hadid.
• Viral images of the note are fake and considered counterfeit.
• CBI warns citizens to be cautious and avoid handling fake notes.
• Spreading counterfeit currency can lead to financial losses and undermine trust.
• CBI will take legal action against those producing or promoting fake notes.