Public warned against fake money
The Bank of Namibia has become aware of a video circulating on social media in which three suspects are arrested by the police in connection with counterfeit banknotes.
In the video, the three suspects are seen using a photocopier to replicate N$200 and N$100 notes. The police have confirmed the authenticity of the video.
Said the central bank: “The three male Namibian suspects were caught red-handed at one of the suspects' corrugated-iron shack in Oshitenda, Katutura, where they were reproducing the counterfeited banknotes.
“A tipoff from the public led the police to the suspects. Consequently, the suspects were arrested last week Wednesday and appeared in court on Thursday, 12 January 2017 in connection with contravening Section 25 of the Bank of Namibia Act, read together with the Prevention of Counterfeit Currency Act (16) of 1965.”
The face value of the counterfeit money was N$28 100. Only three genuine banknotes were found at the scene. All of the fake notes were confiscated.
“As far as can be ascertained, no financial loss has been incurred by any individual or institution. Most importantly, none of the security features which appear on the Namibian banknotes have been reproduced on the counterfeited banknotes,” the central bank said.
“Members of the public are once again reminded to follow the three basic steps in checking the security features on banknotes. Take a careful look at the overall colours, the portraits and the serial numbers and lift the banknotes up to the light and discover perfect see-through features and watermarks.
“Flip the banknotes to check for colour-changing, dynamic features, and for glossy prints. Check the multi-coloured security thread on the reverse. Feel the unique banknote touch and raised prints by running your fingers on both sides of the banknotes, especially on the words BANK OF NAMIBIA and the Braille dots for visually impaired people.”
STAFF REPORTER
In the video, the three suspects are seen using a photocopier to replicate N$200 and N$100 notes. The police have confirmed the authenticity of the video.
Said the central bank: “The three male Namibian suspects were caught red-handed at one of the suspects' corrugated-iron shack in Oshitenda, Katutura, where they were reproducing the counterfeited banknotes.
“A tipoff from the public led the police to the suspects. Consequently, the suspects were arrested last week Wednesday and appeared in court on Thursday, 12 January 2017 in connection with contravening Section 25 of the Bank of Namibia Act, read together with the Prevention of Counterfeit Currency Act (16) of 1965.”
The face value of the counterfeit money was N$28 100. Only three genuine banknotes were found at the scene. All of the fake notes were confiscated.
“As far as can be ascertained, no financial loss has been incurred by any individual or institution. Most importantly, none of the security features which appear on the Namibian banknotes have been reproduced on the counterfeited banknotes,” the central bank said.
“Members of the public are once again reminded to follow the three basic steps in checking the security features on banknotes. Take a careful look at the overall colours, the portraits and the serial numbers and lift the banknotes up to the light and discover perfect see-through features and watermarks.
“Flip the banknotes to check for colour-changing, dynamic features, and for glossy prints. Check the multi-coloured security thread on the reverse. Feel the unique banknote touch and raised prints by running your fingers on both sides of the banknotes, especially on the words BANK OF NAMIBIA and the Braille dots for visually impaired people.”
STAFF REPORTER
Comments
Namibian Sun
No comments have been left on this article