WELLINGTON, Dec 8 (NNN-RNZ) – The Reserve Bank of New Zealand (RBNZ), has reminded retailers, to train new cash handlers, on fake note detection.
New Zealand has a very low rate of counterfeiting, due to the multiple security features which can be checked easily, Graeme Denny, RBNZ senior manager of cash services, said today.
“New Zealand doesn’t have a huge counterfeiting problem, and the fake banknotes we do see are low quality and easily detected using the look-feel-tilt method,” Denny said.
However, sometimes scammers take advantage of busy holiday seasons and inexperienced staff to try it on, Denny warned.
Retailers are encouraged to take a few moments to train or remind their team on the simple steps, particularly when taking on new staff.
“Passing fake notes or coins is illegal. We encourage cash handlers to turn away people trying to hand over fake cash, if doing so doesn’t put anyone’s safety at risk,” he said, and reminded retailers to put fake notes in an envelope straight away to preserve evidence.
The police have made several arrests regarding counterfeiting notes this year.– NNN-RNZ
