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Warning: Counterfeit money currently in circulation

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Warning: Counterfeit money currently in circulation

Police are reportedly investigating into a new breed of counterfeit bank notes currently circulating on the island.

According to l’Express, the public is being urged to keep an eye out for counterfeit Rs2,000 notes and to check tender carefully.

The warning was issued after a salesman was paid with a fake Rs2,000 note last Friday by a resident of Sebastopol.

Any notes that are suspected to be counterfeit money should be taken to their local police station.

The Central Criminal Investigation Department are reportedly investigating to shed light on the source of these counterfeit banknotes.

Warning: Counterfeit money currently in circulation
Warning: Counterfeit money currently in circulation

How to differentiate a genuine from a fake Rs2,000 note?

The Rs2,000 banknote is printed on a polymer material that feels smoother than paper. There is a pattern of raised dots to help the blind and visually impaired to authentic

  1. When you hold the banknote up to the light, you will see that it has a clear window with the Dodo and the Bank of Mauritius building. This can be seen from the front.
  2. Beside the clear window is an area that appears as a plain printed red pattern. When held up to the light, it will be seen that the letters ‘Rs’ appear within this feature.
  3. The Bank of Mauritius building in the clear window is printed in a gold ink that shimmers as we move the banknote around.
  4. If you look at the banknote under UV  light you will see a number of features on the front and the back.
  5. If you look at the banknote under magnification, you will see a number of areas that appear as plain print are in fact small letters and numbers.
  6. Hidden image: looking at the banknote at eye level, the letters BM are visible.
  7. Miniature text: the letters BM become visible under a magnifying glass.
  8. Fluorescent elements: under ultraviolet light, the numbers corresponding to the face value of each denomination appear.
  9. Gold iridescent stripe: Under light this stripe is visible, at other angles it disappears.
  10. On the Rs 2,000 note, a hologram brings together the images of the dodo and the value in numbers 1,000, 500 and 200.

Meanwhile, the Bank of Mauritius has warned that its name, logo and contact details are being associated with correspondences allegedly issued by the Bank requesting for payments from the public. 

In a statement just released, the BoM has cautioned against giving money to “any person who claims to represent the Bank and/or its officials or to have a banking relationship with the Bank”.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.