Fake notes

Counterfeit notes continuing problem in Samoa

A report by the Central Bank of Samoa for the year ended June 2018 said the bank remains cautious and has actively promoted public awareness of counterfeit banknotes.

The increase comes despite a year-long media campaign to combat counterfeit money.

The bank also warned the Central Bank does not reimburse or compensate holders of counterfeit bank notes.

"Therefore the onus is on the banks and members of the public to be vigilant and alert in detecting counterfeit money," the Central Bank said.

     

Fake notes circulate in Samoa

The Bank said although bearing some resemblance to a genuine note, the counterfeits are easily distinguished through the absence of the watermark, metallic thread and windowed security thread, as well as the softness and poor quality of the paper used.