The bank said these recent counterfeits are produced in the value of $50 and $100 bills, and the common serial numbers on these new counterfeit notes are: C/1 569326 ($50) and A/2 808120 ($100).
“These fake notes recently identified by the commercial banks look like the real legal tender notes, but lack the security features that can be used to identify them as genuine money,” the bank said.
“It is believed that high definition and professional printing machines may be used in the design and production of these fake money.
“The public is therefore warned to be careful and to take time to familiarise themselves with the visible security features on our paper money, before accepting these high valued notes.”
Security features on the $50 bill and $100 bill notes include:
- The hologram (silver foil) on our recent issues of $50 and $100 notes. The hologram is shiny in colour when tilted.
- Head of eagle on the watermark area,
- Silver thread line running across the note. This can be seen clearly if the note is held against light.
People also need to feel the rough texture of the genuine notes to differentiate them from normal commercial papers usually used by counterfeiters.
The Central Bank strongly warns the public that consequences associated with those caught engaging in counterfeiting are very serious.
Penalties imposed on counterfeiters include a $50, 000 fine and up to seven months imprisonment or both.
Central Bank is calling on everyone to be observant and take extra precaution when dealing with suspicious notes, especially when engaging in any form of over the table transaction which involve the use of the $50 or $100 bill notes.
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