3 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Fake Name Funds Withdrawn at Baghdad Airport
A well-informed source revealed that three currency exchange companies at Baghdad International Airport (Al-Aswar, Al-Anamel, and Al-Qataf) have been closed, and their licenses revoked after the discovery of forged travel tickets and the illegal transfer of millions of dollars using fictitious names. The operation involved exploiting airport parking areas to print counterfeit tickets and convincing the Central Bank that individuals carrying dollars were actually traveling. This led to weekly withdrawals ranging from $500,000 to $1 million over a period of three months, with most of the registered company names being the same. These measures aim to stabilize the market and prevent unjustified increases in exchange rates. It is anticipated that investigations will uncover further previous manipulations of the dollar as part of authorities' efforts to curb financial smuggling.
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