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How To Detect Fake Fijian Currency Notes

Police are investigating what they consider a fake note racket in the country. Recently, we have noted an increase in the instances of fake currencies found in supermarkets and nightclubs
20 May 2016 12:31
How To Detect Fake Fijian Currency Notes
FAKE NOTES

Police are investigating what they consider a fake note racket in the country.

Recently, we have noted an increase in the instances of fake currencies found in supermarkets and nightclubs in the Western Division.

People have been taken in for questioning regarding this but we need to look long and hard at how people are able to go past the security features that our new currencies have.

Those printing and circulating these notes are careful to circulate them in either supermarkets or nightclubs where the cashiers are too busy to really ‘feel’ the notes or the dim lights makes authentication process difficult.

Reserve Bank of Fiji Governor Barry Whiteside says that in the majority of cases in Fiji they have found the counterfeits are usually of poor quality and can be spotted quite easily  if people take the time for a quick examination.

But often, as with supermarket checkout cashiers and night club staff etc who go through busy periods, they unfortunately do not make the check until later when they have a bit of time and are counting the day’s or night’s takings.

It is at these times that they spot the counterfeits, which does indicate they know what to look for but just missed it the first time around.

It has been a while since the fake notes have surfaced in the country.

The Reserve Bank of Fiji, on average, issues millions of brand new banknotes into circulation each year to replace worn out and damaged banknotes and to meet demand. This is an expensive exercise costing the RBF approximately $2.4 million annually.

No doubt there are people out there taking advantage and are printing their own ‘currency’ for circulation.

While it is not as widespread as in some other parts of the world, it is no doubt a worry.

Fiji Police and the RBF would need to work together to identify what is going on and how people are able to work past our security features.

 

How to check whether the notes are real?

Information from the RBF:

 

Security Threads ($10, $20, $50 and $100 only)

Hold the note up against the light to see a watermark of an iTaukei man and the denomination. Hold the note up against the light and you will find the thread appearing as a continuous line with the letters RBF, RBF logo tagaga,  and the denomination numeral clearly written on the thread. When viewed normally, the thread will appear as metallic dashes.

 

Foil ($10 only)

The $10 note features a foil with a star printed over it. Tilt the note to see a movement inside the star

 

Holographic Stripes ($50 and $100 only)

The front of the $50 and $100 feature a new design dual image holographic stripe. Tilt the note at different angles to see the Fiji Coat of Arms, the letters RBF, RBF logo tagaga, the denomination numeral and flora and fauna design decorations. You will also find that the thread displays bright colours as and when the note is tilted

 

Raised Intaglio Bars ($10, $20, $50 and $100 only)

The left and right edges on the front of these notes have raised line prints. Fold the note so that you can rub the two edges together. You will find that when the edges are rubbed together, the raised line prints will grind against each other and give a crackling feel.

 

Raised Print ($10, $20, $50 and $100 only)

Run your finger across the front of the note and you will feel raised print across the front of the note.

Hold the note up against the light to see a watermark of an iTaukei man and the denomination. Hold the note up against the light and you will find the thread appearing as a continuous line with the letters RBF, RBF logo tagaga, and the denomination numeral clearly written on the thread. When viewed normally, the thread will appear as metallic dashes.

 

jyoti pratibha

Feedback:  jyotip@fijisun.com.fj

 

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