Business
How To Identify Fake Naira Notes
Fake notes of the new N1,000 notes have been reported to be circulating in the economy since the Central Bank of Nigeria (CBN) released the redesigned naira notes in denominations of N200, N500, and N1,000.
The CBN has, however, designed the new naira note that it is easier to detect its counterfeit. It just takes a few tests or close observations to figure it out.
Below are six ways to decipher a counterfeit naira note
Texture
Touch and visibility are two distinguishing characteristics of genuine and counterfeit notes. If the texture of the naira note is soft and the image is dull, it is most likely a forgery. This means that when you are involved in any transaction, you should be sensitive to the touch of the money you are given.
Ribbon/Thread
A ribbon-like thread runs from the top to the bottom on all Naira notes.
This thread can be felt with a touch in real notes. It is more pronounced on older Naira notes. However, something appears to be the thread but is not.
A straight-line painting on the counterfeit notes resembles the thread on the original notes. If you scratch the painting, it will peel off like the solver panel on recharge cards does.
The Gold Foil
The right side of the N1,000 note has gold foil near the CBN Governor’s signature. The gold foil on a fake note peels off instantly when scratched, but the gold foil on an original note does not peel.
Mercury bulb test
Some features of the original Naira can’t see with the naked eye. These characteristics are only present in original Naira notes; mercury bulbs are the only way to see them.
For instance, if a genuine naira note is exposed to the light of a mercury bulb, it will display the number 1000 written across it in shining letters.
Protected against photocopying
Additionally, the new Naira notes are resistant to photocopying. The serial number on each banknote, which is black but turns green under ultraviolet light, is one of the features that can be seen under ultraviolet light.
Water Or Other Liquid Test
Water or another liquid substance can also be used to distinguish fake currency from genuine currency. The colours used in printing counterfeit notes are said to be soluble in water and some other liquids.
If you are unsure about the authenticity of a Naira note, gently scrub it in water or petrol. If it’s fake money, the colours will change instantly. The colours of counterfeit money will wash off when immersed in water or any liquid, but that of real notes will not.
Disclaimer
The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.
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