Dozens of fake banknotes circulating in Canterbury

Photo: RNZ
Photo: RNZ
The Reserve Bank is warning Canterbury businesses to look closely at the cash they are offered.

In the past fortnight, retailers there have accepted up to 50 fake banknotes of different values.

Typically, one or two counterfeit notes turn up in the banking system each month.

Reserve Bank spokesperson Peter Northcote said the notes would easily have failed proper checks.

It was important that people who handled cash knew how to test the look and feel of notes, he said.

"When you run your hand across the note, it's smooth and plastic-y; and when you look at the small bird printed on the note, it's got a coloured bar and if you tilt the note that bar will move up and down the note a bit like a hologram."

Tilting a note should make it look as though fine lines in the embossed feature move and reflect the denomination of the banknote in bright colours.

Knowingly passing a counterfeit note is a crime, and Mr Northcote said businesses should urge customers proffering fake notes to contact the police.

Add a Comment

Our journalists are your neighbours

We are the South's eyes and ears in crucial council meetings, at court hearings, on the sidelines of sporting events and on the frontline of breaking news.

As our region faces uncharted waters in the wake of a global pandemic, Otago Daily Times continues to bring you local stories that matter.

We employ local journalists and photographers to tell your stories, as other outlets cut local coverage in favour of stories told out of Auckland, Wellington and Christchurch.

You can help us continue to bring you local news you can trust by becoming a supporter.

Become a Supporter