How to identify fake New Naira notes – Fake notes of the new N1000 Naira notes have circulated in the economy just days after the Central Bank of Nigeria (CBN) released the redesigned Naira currency in denominations of N200, N500, and N1,000.
A fake currency notes is one that is produced without legal authorization from the federal government.
In trying to distinguish original Naira notes from counterfeit notes does not require a formal education; there are differences to look for.
- The N1000 note has gold foil on the right side, near the CBN governor’s signature. The gold foil on a fake note peels off instantly when scratched, but the gold foil on an original note does not peel.
- If the texture of the Naira note is soft and the image appears dull, you have the right to be concerned, reject it, and request a replacement. This means that when you are involved in any transaction, you should be sensitive to the touch of the money you are given.
- Using water or another liquid, you can tell the difference between fake and genuine currency. Scammers distribute counterfeit money, and the colors used to print it are soluble in water and some other liquids.If you are unsure about the authenticity of a Naira note, gently scrub it in water or petrol. If it’s fake money, the colors will change instantly. The colors of counterfeit money will wash away like a watercolour painting.
- Some attributes of the paper Naira notes are not visible with the naked eye. These features are only found in original Naira notes and can only be seen with the aid of mercury bulbs.For example, if a genuine N1000 note is exposed to the rays of a mercury bulb, it will reveal a shining 1000 (in numbers) written across the note. The same is true for smaller denominations.These five simple tips discussed above are sufficient for anyone to clearly differentiate genuine Naira notes from counterfeit ones.