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More phony money

HEATHER-LYNN EVANSON, [email protected]

More phony money

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FOUR YEARS AFTER the Central Bank introduced revamped currency notes with new security features, a bank official says police are recording more fake notes in circulation.

And the officer is warning members of the public to familiarise themselves with the features of the real notes so they spot the phony cash.

The new notes were introduced on May 2, 2013, 40 years after Barbados last introduced new designs of its currency in 1973. According to the Central Bank’s website, the new designs, which had features for the visually impaired, sported new and upgraded security measures that “will make the notes more difficult for counterfeiters to copy and easier for the public to authenticate”.

But four years later, and a year after concerns were raised about a number of fake $20 bills in circulation, public affairs officer at the bank, Novaline Brewster, said police were reporting that they were seeing “a surge” in the number of counterfeit notes in Barbados.

Please read the full story in today’s Daily Nation, or in the eNATION edition.