When you are dealing in pence or cents, or a note of say $1, it would not cross your mind that someone would be stupid enough to cheat you with fake or bogus notes of such pity amounts, but many currencies have bigger notes and people are afraid of dealing in cash, especially when there is a significant amount involved, they think someone can fool them with fake notes, and this can happen it is not a fake story but this happens daily all over the world. The biggest currency note issued by the Central Bank of Iraq is the note worth 25000 Iraqi dinars, may be now people would try to replicate a note of this big value and present you with fake notes, but there are certain things if you can in the note then the note is absolutely genuine.
Once you have received dinars from your dealer or whoever you are dealing with, make sure you check, double check, super check the authenticity of the notes. Ever heard of the De La Rue machine? This is the finest way of checking of checking currency notes, but you can only have it if you willing to spend thousands of dollars, and it may seem to you as a joke that you are asked to buy a machine worth more than your investment just to check some notes, dealers have it but private investors do not bother to buy this machine. It is very expensive and they don’t have regular use of it, because you do not receive currency everyday that needs checking.
So the question is what to do now? How to check a note as big as 25,000 IQD. If you follow these five basic steps you will know the authenticity of that note.
First, hold the currency note near a bright light, any bulb or something and there should appear a horse head, if it is there to be seen one indication of its originality.
Secondly, if you look closely at the left bottom of the note from different angles, the colour should differ, if change angles colour should vary from purple to green.
Have a UV light? Hold it over a currency note you should see a UV box with scribble at the back side of the Iraqi dinar note.
And now the most common way of judging the note is looking for a metallic inked dove on the top left side of the note. This is the main thing which dealers also look for when presented with a note of Iraqi dinar.
Finally a component which most of the currency notes have in common is the security thread, there is a metallic security threat embedded in every note.
These may be five basic things to look when you want to buy Iraqi dinar note, but trust even a lot of dealers have been impressed by me for using this technique for checking Iraqi dinar note, the chances of getting it wrong be almost nil if you use these five steps.