Be Warned! Fake Dollar Notes in Circulation – Here’s How to Identify It

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Nigerians have been warned by the Central Bank of Nigeria (CBN) against fake Hong Kong Dollar notes in circulation.

In an official circular issued by CBN’s acting Director of Trade & Exchange Department, WD Gotring, all authorized dealers, Bureau De Change operators and the general public have been alerted of the fake 100 Hong Kong dollar notes (HK$100).

hong-kong-dollar-notes

In the memo, CBN disclosed that they were alerted by the Hong Kong authorities on the circulation of the fake currency.

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It reads:

“The fake notes which were printed on normal A4 paper using inkjet printers are of poor quality, lacked embossment and the feel of security features.



“The silver marks were stuck on the notes to appear like the holographic security thread on real bills. Also, the HK$100 numerals failed to turn gold and green when viewed from different angles.

“For the avoidance of doubt, members of the public are hereby advised that the genuine Hong Kong Dollar banknotes have the following features: the colour and features of the notes shift when viewed at different angles; the holographic windowed thread shows a complete metallic thread when viewed under light, and when rubbed on the surface, the bill gives an embossed feeling.”

In other news, the CBN through its Director of Policy, Mr. Moses Tule, has stressed that Nigeria’s current economic recession has persisted due to the application of wrong prescriptions by non-professionals.

The CBN chief made this known at the Chartered Institute of Bankers of Nigeria, CIBN, roundtable meeting organised on the current economic recession in Abuja on Tuesday.

Moses Tule said the macro-economic management team has not allowed the professionals to do their jobs and provide professional directions for the economy.

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Describing the current economic recession as a conscious choice, Moses Tule adds that the moment Nigerians began to prefer imported goods to domestically produced goods, the foundation was laid and the superstructure to the recession built.