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Sterling Currency Group (SCG) filed a lawsuit against AltCharge which alleges numerous breaches of contract between the parties and that AltCharge is holding in excess of $2 million dollars of Sterling’s funds..
Frank Bell, COO at Sterling Currency Group stated that Sterling Currency Group had “spent a great deal of time, effort and money developing and integrating the eCheck system” and was very disappointed in Altcharge’s actions.
The Complaint alleges that AltCharge engaged in wrongful conduct when they collected funds from Sterling Currency Group’s customers but
did not make the payments due to Sterling or provide information as to where the funds were.
For more information on this lawsuit, click here: http://www.prweb.com/releases/2012/5/prweb9500457.htm
In this world of knock-offs and reproductions, it’s always important to be sure that you’re getting exactly what you expect. This is especially true when you are purchasing Iraqi dinar. The good news is that the dinar notes themselves are printed by the De La Rue Company and have many advanced security features to protect against counterfeiting.
These features on the popular 25k note include:
This is an image of a horse that is embedded into the currency paper.If you want to see the image, put a light behind the note while looking at it. You may see the image without a light, but it should not be visibly printed on both sides of the banknote.
- Metallic Ink
There is a shiny silver metallic ink used on the Iraqi Dinar. This can be seen in the shapes of the wings and also the leaves of the bush on the Arabic writing side of the banknotes. There is a noticeable texture to the ink, so you can actually feel a very slight difference in thickness and density of that part of the note.
- Security Thread
The security thread is embedded and can be seen behind the banknote if you use a light. The thread is a shiny silver with faint writing on the strip itself. It alternates from being visible on the surface of the banknote to being imbedded in the paper of the banknote.
- Color Changing Symbol
The color-changing symbol on the 25000 dinar banknote looks like a circular stamp with an 8-pointed star in the middle about 3/4 inch in diameter. It changes color from a purplish color to a dark greenish color when the banknote is tilted back and forth. The color-changing symbol appears to have a slight sparkle to it.
- Embedded Ultra-Violet Marking
The marking on the 25k note is ultra-violet bright yellow-green and only visible when the banknote is held under an ultra-violet light. It is about 1 inch across and ¾ inches high.
- Raised Ink Writing
On the Arabic writing side of the 25000 dinar banknote, the ink is raised in the center of the banknote. You can feel the raised ink by running your fingers across the paper and the ink.
- Special Currency Paper
The Iraqi Dinar is printed using special currency paper similar to most European currency papers. Although not as durable as the paper US currency is printed with, it is durable enough to contain the latest security features. Counterfeit detection pens used for US currency will not work with Iraqi banknotes.
- Serial Numbers
Iraqi banknotes each have a separate serial number and no two banknotes will have the same number. Sometimes it appears the numbers are the same but that may be because the Arabic symbols for the numbers “2“ and “3” are very similar. The difference is only a slight “peak” on the upper horizontal part of the Arabic symbol for the number “3.”
As a general note, not all banknotes are printed perfectly and they are not all exactly the same. Just as there are slight variations in U.S. printed banknotes, there are occasional variations in Iraqi banknotes. These variations may include slight differences in the exact placement of the security features, faded ink, and slight smearing of ink. If you have questions about your currency, you should contact the dealer who sold you the currency. If you are purchasing from a reputable dealer like Sterling Currency Group, the banknotes should have been checked at least once through a De La Rue machine which verifies authenticity.