Thursday, September 8, 2016

BNM response on fake Rm100 banknotes

Recently, a pictures of counterfeit RM100 has been spreading in social network (Facebook & Whatsapp), warning people that the counterfeit RM100 with serial number ending with 996 has been circulating around. Today, Bank Negara Malaysia (BNM) via their official Facebook has released a statement about the counterfeit RM100.

Here are the official statement by Bank Negara Malaysia:

Bank Negara Malaysia (the Bank) is aware of several messages on RM100 counterfeit banknotes being circulated in the social media. The Bank is working closely with the Royal Malaysian Police to investigate the matter. These are isolated cases as the number of counterfeit banknotes in Malaysia remains low.

100 Ringgit

Generally the counterfeit banknotes were found to be produced in low quality, printed using ordinary colour printers and are easily distinguished from genuine banknotes by using the sense of touch and sight. As such, the public should be able to easily identify any counterfeit banknotes.

Malaysian banknotes incorporate the latest security features that are difficult to counterfeit. Members of the public are advised to be vigilant when handling banknotes by applying the “Feel, Look, Tilt & Check” guide as follows:

Feel the paper quality and raised print on genuine banknotes
~Paper banknotes are textured and polymer banknotes are made of special plastic.
~Both paper and polymer banknotes have raised print effect on the portrait of the first SPB Yang di-Pertuan Agong and texts.

Look at the banknote under white light background and observe the following features:
~3-dimensional portrait watermark, perfect see through register and clear window will be visible.
~Continuous line of security thread will be visible.

Tilt the banknotes to inspect the colour change on the hologram stripe and security thread
~Security thread that change colour.
~Thread with ‘Hibiscus Flower’ icon on RM100 banknote that move when tilted.

Check the banknotes using simple equipment to inspect the following:
~the micro text lettering through magnifying glass; and
~the 2-colour fluorescent element, text and logo and security fiber colour (red, yellow and blue) under Ultra Violet (UV) light.

Members of the public are required to lodge a police report immediately if they have received any banknotes suspected to be counterfeit.

To know more about the features of Malaysian banknotes, the public are encouraged to download the Bank’s My Ringgit Mobile App from Apple Store and/or Google Play Store. The App provides an interactive guide to the security features of the Malaysian currency. It also includes general advice, quality standards for the Malaysian currency and other related information.