Money & BusinessUAE

UAE: Life imprisonment and fine of Dh200,000 for counterfeiting currency

The UAE Public Prosecution has warned the public against forging currency, emphasising that this is a crime punishable by law.

In a video clip published on Tuesday, on its social media platforms, the Federal Public Prosecution said that any person, who forges, counterfeits or falsifies in any way, either in person or through an intermediary, a banknote or coin in circulation in the UAE or in any other county, shall be sentenced to life or get temporary imprisonment and a fine not less than Dh200,000. A coin currency shall be considered falsified if any of its metal is diminished or if it has been coated with paint so as to make it similar to another more valuable currency, according to Article 204 of the UAE Penal Code, Wam reported.

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