Tags: Iraq | currency | counterfeit | dollars

Iraq Awash in Counterfeit U.S. Currency

Friday, 16 Apr 2010 10:23 AM


NASIRIYAH, Iraq - At least $4 million in counterfeit U.S. currency has flooded into Iraq since December, and U.S. and Iraqi officials are trying to determine how much of the counterfeiting is purely criminal and how much might be an Iranian attempt to influence Iraqi politics.

While some of the bills were crudely made and easily detected, U.S. military officials said, much of the money seized so far has been sophisticated fake hundred-dollar notes that require special printing presses, ink and paper. In the Middle East, such capabilities typically belong to Iran and its proxies, notably branches of the Lebanese Shiite Muslim militant group Hezbollah, the officers said, citing recent briefings from the U.S. Secret Service.

"It runs the gamut of the local stuff on the HP printer - not the right paper, but kind of looks like it - all the way up to the very well made versions that we see, the ones coming in from Lebanon," said Army Col. Peter Newell, the commander of the 4th Brigade of the 1st Armored Division, which operates in Maysan and two other southern provinces near the border with Iran.

To read full Miami Herald story — Go Here Now.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
MiddleEast
Iraq,currency,counterfeit,dollars
198
2010-23-16
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved