Tasmania Police have investigated recent reports of suspected counterfeit currency in Glenorchy and Bellerive. The denominations suspected were mostly $50 notes, as well as $100 and $10 notes.

In consultation with the Australian Federal Police, Reserve Bank of Australia and local banks, the currency suspected has been confirmed as legitimate currency, however simply old in its physical condition, and missing some text due to the release of an older production batch.

Information from the Reserve Bank of Australia states that, “Australia has one of the lowest rates of counterfeiting in the world. Most people will never see a counterfeit. Even so, it is vitally important that people are aware of the security features included on Australia’s banknotes. All Australian banknotes have similar security features, though their location can vary. To determine if a suspect banknote is a counterfeit, it is best to compare it with a banknote that is known to be genuine.”
 

The RBA website gives you further information on security features of the Australian currency and also outlines steps to take should you suspect you have been given or have a counterfeit note.
 

Most importantly ensure you check your bank notes, particularly the larger denomination ones. If you think you have a counterfeit note contact the Australian Federal Police and ensure you do the following:

– handle the suspect banknote as little as possible and store it in an envelope

– check your CCTV if you know who presented the notes and supply a copy of your CCTV to police when reporting the matter

– note any relevant information, such as how it came into your possession, a description of the person who passed it, any companion(s) and any vehicle used.

– complete the online Suspect Counterfeit Banknote Submission Form located on the AFP.gov.au website.