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Tuesday, May 8, 2012

Identifying Counterfeit Banknote - "FEEL , LOOK, TILT and CHECK"

Counterfeit banknotes are reproduction of the real banknotes using materials of low quality but appear similar to the genuine with intent to deceive member of the public. 

Counterfeit banknotes have no value but it is possible that they may be used and may escape detection for some time. Thus, protect yourself and always check your banknotes when you receive them.

Detecting a Counterfeit Banknote

All counterfeits of modern banknotes can be recognized without too much difficulty. The differences can be seen upon closer examination by applying the "FEEL , LOOK, TILT and CHECK" Principle.

Counterfeit Detection: Feel

Counterfeit Detection: Look

Counterfeit Detection: Tilt

Security Features

Various security features have been incorporated into the Malaysia Ringgit banknote. It is important for you to be aware of some of these security features and be able to distinguish between genuine and counterfeit notes which are completely worthless.

What Do You Do If You Receive a Counterfeit Banknote?

Notify the police immediately if you have received counterfeit banknotes. Using or returning counterfeit banknotes is just as illegal as manufacturing it. Counterfeit banknotes are not eligible for replacement! 

Follow these steps
  • Delay the person (passer) who gives you the counterfeit banknotes if possible and observe the passer's description, as well as that of his/her companion if any, and the license numbers of any vehicles used by them 
  • Do not write on, cut or re-circulate the counterfeit currency 
  • Handle the currency as little as possible (e.g. you can put it in an envelope or plastic cover). Record on a separate sheet of paper all the details about how you got the currency, who gave it to you, where and when you got it 
  • Take the counterfeit currency to the nearest police station and surrender the counterfeit currency to them after lodging a police report

Penal Code

Section 489 Penal Code (Offence Relating to Currency Matter)

Last Updated Date: 16 April 2009

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