Central Financial institution of Barbados responds to circulation of  alleged counterfeit banknote

The Central Financial institution of Barbados has responded to circulating photos and movies on social media suggesting the presence of a counterfeit polymer Barbadian banknote. 

Whereas the Financial institution refrains from confirming the authenticity of any notice with out a bodily examination, it notes that sure safety features in step with real Barbadian polymer notes are seen within the circulated supplies. 

Nonetheless, an obvious absence of the holographic picture of the Parliament Buildings, usually discovered on the $20 denomination, suggests harm reasonably than counterfeiting.

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No incidents reported but, however vigilance urged

To this point, the financial institution has not encountered any counterfeit notes from the 2022 polymer banknote collection, in accordance with CBB. 

However, it emphasizes the significance of remaining vigilant, acknowledging that whereas the notes boast superior safety measures, counterfeiting shouldn’t be unattainable. 

It urges the general public to proceed verifying their foreign money utilizing the integrated safety features.

Key safety features to confirm authenticity

To help in figuring out real banknotes, the Central Financial institution of Barbados highlights a number of safety features integrated into the design:

– Commercial –

  1. A clear window close to the underside of the notice.
  2. The notice’s denomination seems within the patterned damaged trident on the highest proper of the notice when it’s held as much as the sunshine.
  3. A raised form in the back of the notice beneath the big denomination numeral. The form varies relying on the denomination. On the $20, the form is a circle.
  4. Components of the notice that fluoresce underneath UV gentle.

Immediate motion inspired

The Financial institution urges people who suspect they possess counterfeit notes to promptly report them. 

It advises bringing any suspicious notes to a business financial institution or on to the Central Financial institution of Barbados.