Australian shoppers in the New South Wales (NSW) area, particularly in Merimbula and Eden, need to be on high alert for counterfeit $50 notes that have been circulating in the region. Several businesses have fallen victim to this scam, prompting local authorities to issue a warning to the public. These fake bills were first discovered on New Year’s Day, causing concern among residents and tourists alike in these popular holiday destinations.
The Threat of Counterfeit Currency
Counterfeit money can have a significant impact on businesses, especially during peak tourism seasons like Christmas and New Year. With an influx of visitors from different parts of the country, the risk of unknowingly accepting fake currency increases. It is essential for both shoppers and business owners to be vigilant and take necessary precautions to avoid falling victim to this fraudulent activity.
How to Spot a Fake $50 Note
To protect yourself from falling prey to counterfeit currency scams, here are some tips to help you identify fake $50 notes:
– Feel the note: Genuine notes are printed on special plastic polymer and are difficult to tear.
– Hold the note to the light: Look for the Australian Coat of Arms and a seven-pointed star inside a circle.
– Check for raised printing on the main design of the note and compare background printing for any distortions or unclear patterns.
– Examine the clear window for a printed image: $50 notes should display the Southern Cross, while $100 notes show the lyrebird.
– If possible, use a UV light to check for serial numbers on the note.
Stay Informed with the 9NEWS App
In today’s fast-paced world, staying informed is crucial to protect yourself from scams and fraudulent activities. Download the 9NEWS app to receive real-time updates on breaking news, sports, politics, and weather. With notifications sent straight to your smartphone, you can stay ahead of the curve and safeguard your finances from potential threats.
Remember, being aware and informed is the first step towards protecting yourself and your hard-earned money from counterfeit scams. By following these simple tips and staying vigilant, you can help combat the spread of fake currency and ensure a safe shopping experience for everyone. Stay alert, stay safe, and stay informed with the latest news and updates.