A taxi driver, who did not give his name, showing how he inspects money to ensure whether they were genuine as his colleagues look on. (Picture by Krystal Hoyte.)
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This is the season for revelry but also for forgery.
The amount of counterfeit money in circulation is on the increase around this time and those offering goods and services have been told to be extra vigilant against fraudsters passing fake bills.
“There are certain times a year you would see an increase in counterfeiting and this is one of those times – Crop Over followed by back to school,” said deputy director (currency) at the Central Bank, Octavia Gibson.
“During Crop Over, when a lot of activities take place at night, [counterfeiters] see a prime opportunity to cheat people. They also take advantage of the fact that many of the persons collecting money, be it at fêtes, food stalls, or band houses, are not accustomed to dealing with large volumes of money,” she said on the bank’s website.
This is why it is important for business people to know how to identify counterfeit bills. (CA)
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