Local shopkeepers are being warned to be on the lookout for fake notes because counterfeit $50 bills have been used at Crust Pizza and a supermarket in Thirroul last week.
Police have confirmed the money is forged and have advised anyone dealing with cash to be vigilant when accepting $50 notes.
The fake money is now the subject of a Federal Police investigation while CCTV footage is being reviewed to help find the perpetrators.
Police say if you receive a note you are concerned about, contact them immediately and touch the note as little as possible…..
“Australia’s banknotes have a range of security features people can check to help you identify whether they have a genuine or counterfeit banknote. Information about security features and counterfeit detection of Australian banknotes can be found on the Reserve Bank of Australia’s website. The Reserve Bank encourages the public to look at a range of these security features.
If someone is concerned about the authenticity of your banknote, we encourage them to report the matter immediately to the State or Federal police. If the banknote proves to be genuine, full value will be paid. It is important to note though that no value will be paid if the banknote is deemed to be counterfeit. Information about what to do with suspect banknotes can also be found on the Reserve Bank’s website or the Australian Federal Police website.
The Reserve Bank has also produced a range of printed materials and videos that may be of assistance. These include a Counterfeit Detection Guide and a double-sided poster listing all the security features on Australia’s banknotes, as well as some general information about all five denominations.”