The recent move to change the look and feel of Barbadian bank notes was motivated by the Central Bank of Barbados’ commitment to deter counterfeiting efforts.
The new notes that will go into circulation on Tuesday, June 4, will therefore feature not only a new design, but also very modern and up-to-date security features.
The specific features chosen were based largely on two factors: the types of security features most used by the public to authenticate their notes, and developments in anti-counterfeiting technology.
The bank explained that while it was still confident that older banknotes had enough security features to protect those who checked their notes, the organization has a policy of reviewing the security features on local banknotes every five to seven years, which is in keeping with industry best practice. (BA/PR)
