The Criminalization of Transferring Coinage Minting Equipment Outside the Mint

Abstract

The equipment and machinery designated for minting metallic currency in Iraq are granted special legal protection under Article (57) of the Iraqi Central Bank Law No. 56 of 2004, which criminalizes the transfer of such equipment outside the Mint without official authorization or a legitimate legal excuse. This protection stems from the critical importance of these tools in ensuring the safety and stability of the monetary system, as their unlawful transfer may facilitate their use in counterfeiting or other illegal activities that threaten economic security. Accordingly, the legislator has imposed penalties including imprisonment and fines, affirming the importance of deterrence and maintaining public confidence in the national currency.