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Fake banknotes flood Kabul market: Moneychangers

Fake banknotes flood Kabul market: Moneychangers

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Jul 23, 2015 - 21:47

KABULinfo-icon (Pajhwok): The Moneychangers Union in Kabul on Thursday warned the circulation of fake Afghani currency has increased in the market, asking the government to address the issue.

Moneychangers’ Union head Khan Mohammad Baz told Pajhwok Afghan News that they had recently found new fake banknotes of 1,000 and 500 denominations.

He said around 10,000 to 20,000 afghanis were exchanged daily in the Sara-i-Shahzada market. Baz urged the people to be careful in exchanging money.

“The counterfeit notes could be judged from the Da Afghanistaninfo-icon Bank mark which is unclear and dark. The original notes have clear and coarse marks printed on them,” he explained.

The union office-bearer believed the bogus banknotes had possibly been printed in Iran and Pakistaninfo-icon. The Afghan government does not have the facility for to print them inside the country.

Baz asked the government to take effective measures to prevent the circulation of phony banknotes in markets.

A Kabul hospital worker, Fareshta Wahidi, acknowledged receiving a fake note of 1,000 afghanis from a patient.

Sher Shah, an auto mechanic in Darul Aman area, also said he had unwittingly accepted notes worth 3,000 afghanis from one of his customers.

Afghanistan Central Bank Chief Executive Officer Khalil Sediq confirmed the circulation of phony banknotes in the market and said most of them were of 1,000 Afghanis and 500 Afghanis notes.

“This is the handiwork of some criminal networks, but the central bank has always informed people through the media to be careful in exchanging money,” he concluded.

mds/mud

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