The Central Bank of Barbados is warning residents to be on the look out for counterfeit currency, especially with the Christmas season in the air.
A release from the bank today reminded the public to be vigilant while conducting cash transactions, so as to avoid falling victim to counterfeiters.
“We are urging people on both sides of the counter to check each bank note before they accept it. Hold the note up to the light and look for the map of Barbados,” the release suggested.
The financial regulator also advised Barbadians to ensure that the security thread near the centre of the note becomes complete, when it is held up.
“Remember that the ink doesn’t run, if a note gets wet,” instructed Deputy Director of the Bank’s Currency Division, Octavia Gibson. “Check several security features before walking away.”
She said that on all denominations, the map of Barbados became visible on the left side — front view — when the note was held up to the light.
“For bank notes issued after August 2007, there is a second, brighter watermark to the right of the map: the Broken Trident on the $2,$5 and $10, and the Pride of Barbados flower on the $20, $50 and $100,” explained the bank.
The public is also informed that all notes dated May 1, 2007 and afterwards, contain a partially visible security thread that becomes solid when the note is held up to the light. On the $2, $5 and $10, advised the Central Bank, the thread is wavelike and highly reflective, with “CBB” and the denomination printed on it.
With respect to the $20, $50 and $100, the thread is wider and less reflective, with “CBB” and the denomination printed on it. (EJ)