TL;DR – Contact the police immediately if you find a note which you suspect is fake.
Counterfeit $50 and $100 Singapore currency notes are in circulation and the police are urging the public to be alert about it.
This comes after the police received several reports between March and May of fake portrait series notes being used at convenience stores, restaurants and retail outlets.
According to report, the currency note that is currently in circulation, is the portrait series featuring first president Yusof Ishak. This set of currency notes is also the fourth set of currency notes to be launched here.
The counterfeit $100 notes in these reported cases bear the serial number 3AX412083.
Those on the counterfeit $50 notes have these eight serial numbers: 0FF875629, 3DL273922, 4DZ985604, 5HS436415, 5LV797440, 5LP297324, 5CK878136 and 5JH230011.
Three men, aged between 25 and 29, have since been arrested and charged for the alleged offences.
How to identify counterfeit notes
The police said that the counterfeit notes are believed to be photocopied reproductions and they lack security features such as a watermark and security thread.
Unlike those on genuine notes, the watermark on the counterfeit note is an image that can be seen when a note is held up to the light, while the security thread is interwoven in the note and runs vertically down.
In addition, some of the fake notes have a simulated kinegram, which is an octagonal reflective foil, that is distinctively different from those on genuine notes.
When the note is tilted, the image on the kinegram on a genuine note should shift, while the simulated kinegram on the counterfeit note does not have this characteristic.
The surface of the counterfeit notes also lacks an “embossed feel”, unlike on genuine notes.
It is important for the public to be aware of the security features to be able to distinguish between genuine and fake notes.
For more information on how to distinguish between a genuine and a fake note, you may visit the Monetary Authority of Singapore (MAS) website.
What should you do if you encounter a fake note
Those who suspect that they have received fake currency notes should report it to the police immediately.
Members of the public are encouraged to take note of the suspect’s details, including gender, race, age, height, built, clothing, any tattoos, the language or dialect spoken, and the vehicle that the suspect is using, if any, as well as its registration number.
Should anyone find a note which is suspected to be a counterfeit note, the note should be placed in a protective covering, such as an envelope, to prevent further tampering, before handing them to the police.
The police have urged anyone with information on the recent cases to call the police hotline on 1800-255-0000 or submit the information online.