Sunday26 January 2025
inbusinesskz.com

In 2024, counterfeit banknotes worth 80 million tenge were seized from circulation.

The circulation of counterfeit banknotes poses a potential threat to financial security.
В 2024 году из оборота было изъято фальшивых купюр на сумму 80 миллионов тенге.

“These videos illustrate how individuals, without paying proper attention, struggle to distinguish between genuine banknotes and counterfeit or souvenir notes, which poses a potential threat to financial security and may lead to undesirable consequences, including involvement in illegal activities,” commented the Financial Monitoring Agency.

Since the beginning of 2024, approximately 2,000 counterfeit banknotes have been removed from circulation in Kazakhstan, representing a serious threat to financial stability. The total amount of seized counterfeit money exceeds 80 million tenge.

“Eight individuals have been convicted for the production and distribution of fake banknotes. They have been sentenced to actual prison terms ranging from 5 to 6 years,” the agency explained.