The crime of promoting counterfeit currency

Abstract

The crime of promoting counterfeit currency is one of the crimes that leads to the destabilization of credit, a fall in the price of the official currency, the loss of public confidence in the official currency, and the deprivation of the state of the benefit it gains from issuing its currency. This crime is the second stage after the crime of counterfeiting, and it is the goal of the counterfeiter in counterfeiting the currency with the aim of Making a profit or any other illegitimate goal, the legislator has considered it a felony and imposed on its perpetrators a temporary prison sentence in Articles (280) and (281) and increased the penalty to life imprisonment in Article (282). Likewise, the Central Bank Law has considered it a felony in Articles (280) and (281). 51) and (52) and

imposing a penalty of imprisonment or a fine or both, and the study showed us that the Iraqi legislator has a major role in addressing the criminalization of promoting counterfeit currency, but this treatment was not sufficient as it did not stipulate the crime of possession of counterfeit currency in Article (280). And 281) of the Penal Code, where the act of possession for the purpose of promoting or dealing is a crime, and it would have been better to stipulate the act of (possession), as mere possession is a crime in itself. Likewise, the crime of promoting counterfeit currency was not stipulated in Article (281) of the Penal Code, and in Articles (281) of the Penal Code. 51 and 52 of the Central Bank Law have punished the crime of possession and the crime of promotion with imprisonment even though they are considered felonies, and the penalty for a felony is imprisonment according to Article (25) Penalties.