By admin
The Central Bank of Solomon Islands has warned the public and communities of the currently circulating counterfeit notes.
A statement from CBSI said it has received reports of counterfeit $100 notes with Serial No: A/10 297315 seized by a business firm operating in Honiara.ย
โCBSI would like to warn the public and communities to take heed of counterfeiters and their activities.
Cashiers are specifically advised to be extra vigilant when receiving large amounts of cash from customers,โ the statement said.
The statement further explained, Counterfeit notes are a threat to the circulation of our genuine or legal tender currency.
โTheir presence in our financial system, if not contained, has the potential to undermine the confidence in the use of our currency notes. Similarly, because counterfeit notes are not legal tender in Solomon Islands, they are not reimbursable, hence, is a loss to traders.โ
ย Only the Central Bank has the sole right of printing and issuing currency notes and coins in Solomon Islands.ย ย
Any person who is found guilty of production or possession of fake notes is liable on conviction to a fine of fifty thousand dollars or imprisonment for seven years.ย
For more information read here.
Newsletter
The day's top Solomon Islands stories in one short email. Free, and you can unsubscribe any time.
