Sunday, April 14, 2024

Money call

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Check your money carefully!

That’s the message the Central Bank of Barbados has for all Barbadians this Christmas season.

The bank was responding yesterday to claims on social media that counterfeit Barbados $20 notes were in circulation.

Store owners were also advised to not only bring in any counterfeit notes used in business transactions but also report it to the Fraud Squad of the Royal Barbados Police Force.

Deputy Director of Currency at the Central Bank, Octavia Gibson, said no real increase in fake notes had been seen in spite of the social media activity but reminded Barbadians how they could avoid being duped.

“While we have not recorded an uptick in the number of fake notes so far this season, we know that at times of the year when there is an increase in cash in circulation, there can also be an increase in counterfeiting,” Gibson said. “That is why we issue advisories at Christmas and Crop Over.”

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