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Central Bank issues warning on counterfeit currencies during Christmas Season

Central Bank issues warning on counterfeit currencies during Christmas Season
08 Dec
2017

The Central Bank of Barbados (CBB) is warning citizens to be vigilant during the Christmas Season, warning of an increase in counterfeiting.

“Whether it is someone asking you to breakdown money for them or it is the change you receive after completing a transaction, take a moment to check your money before you put it in your purse or pocket,” said Octavia Gibson, Deputy Director, Currency Division at the bank.

She told tellers and cashiers that they should not feel “pressured into not checking the money you receive because the line is long or because a customer is trying to rush you, adding “checking the notes you receive takes less time than running a credit or debit card transaction.

“The key is to be familiar with the security features of Barbadian banknotes. The better you know them, the faster you can authenticate any note you receive.” Gibson said, listing some of the resources the Central Bank has to help the public get to know their notes.

“We have detailed information on the Central Bank’s website and we also have booklets, flyers, and posters that we make available free of charge. We also conduct training sessions upon request for companies and other groups. We encourage everyone to learn the security features of our notes, and most critically, to use what you have learnt to protect yourself from counterfeiters,” she added.

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