Keep vigilant: examine your money is professional

A current spate of fraudulent Australian banknotes has sparked requires vigilance over the paper foreign money as soon as thought-about unforgeable.

Northern Territory Police launched a warning over fraudulent notes final week, after a Darwin enterprise handed in counterfeit $50 notes.

“The observe has a paper texture and the safety window has seen defects, having been glued on,” Northern Territory Police mentioned.

“Police are urging everybody to be vigilant of counterfeit cash being distributed.”

A transparent window had been glued onto the faux $50 observe. Photograph: NT Police

That is the most recent in a number of tales of fraudsters tricking companies into accepting faux Australian financial institution notes, which have been praised for his or her ‘lack of ability to be solid’ due to particular options like a clear window and embedded hologram.

In 2021, Queensland police within the Cairns and Tablelands space obtained a number of reviews of counterfeit cash circulating locally, whereas in 2018, outlets, bars and pubs in Sydney’s northern seashores reportedly noticed faux $100 notes.

A police case that ran from 2019 to 2021 concerned the seizure of greater than 382,000 counterfeit banknotes valued at $30 million, which have been being imported into Australia to be used in Chinese language New 12 months festivities.

Regardless of being “very poor high quality”, their robust resemblance to real banknotes – to the purpose they’d beforehand been accepted as actual money – meant they have been deemed counterfeit.

Though counterfeiting in Australia has been on the decline since 2015, the Reserve Financial institution of Australia nonetheless obtained about 18,000 counterfeit banknotes in 2020-21, value greater than $1.4 million.

In comparison with the overall quantity of banknotes in circulation, it equates to about 10 counterfeits detected per million banknotes.

Excessive-value banknotes are essentially the most focused.

spot a faux

Regardless of continued counterfeiting reviews, Australia has one of many lowest counterfeiting charges on the earth.

That is due to hard-to-replicate components such because the distinctive really feel of the polymer plastic used to make the notes, 3D and holographic imagery, and ink that turns fluorescent underneath ultraviolet (UV) gentle.

However Australian people and companies can nonetheless fall sufferer to unknowingly accepting faux money in the event that they don’t know what to search for.

To find out whether or not a banknote belonging to the most recent technology of polymer notes is faux, the RBA’s suggestions embody:

  • Tilt the observe to see the chicken’s wings transfer and alter color, and the quantity change course
  • Tilt the observe to see a rolling color impact; this may been seen in a distinguished patch close to the highest nook on one facet of the banknote, and inside a chicken form on the opposite facet
  • Use a UV gentle to see a chicken, the serial quantity and yr of print grow to be fluorescent.

A real banknote also needs to return again to form after being scrunched up.

There’s a guidelines of options to look out for to be sure you’ve bought actual money in your fingers.



The RBA additionally has an inventory of security measures to look out for within the first technology of polymer financial institution notes, and the complete listing of security measures will be discovered on the RBA web site.

Suspect banknotes must be given to state or federal police.

It is very important observe that counterfeits haven’t any worth – you’ll not be reimbursed.

In the event that they show to be real banknotes, you’ll obtain full worth for them.

In the event you come throughout a banknote that you just suspect is counterfeit, the RBA says you need to deal with it as little as attainable and retailer it in an envelope, observe any related data, reminiscent of the way it got here into your possession, and hand the banknote in to state or federal police.

You might be inside your rights to refuse to just accept a banknote when you’ve got considerations about its legitimacy.