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.)
- Making monumental impact Read More
- British Airways boost for travel to and from Barbados Read More
- Bajans come up short Read More
- WI best not good enough Read More
- Wanted: A more efficient airport Read More
- Low-hanging fruit for all Read More
- Stan Lee, creator of many Marvel superheroes, dead at 95 Read More
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)
Please read the full story in the Weekend Nation, or in the eNATION edition.