Whether you live in Singapore/ are in Singapore for holiday/ are planning to come to Singapore for a holiday, as long as you will be involved in an exchange of Singapore Dollars in Cash, this article will be useful to you.
The Police have been notified of several reports of fake-portrait series notes ($50 and $100) being used at local convenience stores, retail stores and restaurants. These reports have been coming in over the past few months and the offenders have since been arrested and charged.
The Portrait series of notes are the fourth set of currency notes to be launched in Singapore. They are the notes that are currently in circulation. Notes from the series feature a portrait of Singapore’s first president, Mr Yusof Ishak.
For reference, these are the serial numbers of the fake notes that were used:
$50: 0FF875629, 3DL273922, 4DZ985604, 5HS436415, 5LV797440, 5LP297324, 5CK878136 and 5JH230011
How to spot a fake note from a real one?
Moving on from this, how do we identify a counterfeit note from a real one?
Here are some ways in which you can identify a fake note:
- Fake notes lack a watermark, which is an image that can be seen when a note is held up to the light
- Fake notes lack a security thread, which is interwoven in the note and runs vertically down
- Fake notes have a simulated kinegram – an octagonal reflective foil – which is distinctively different from those on genuine notes. The image on the kinegram on a genuine note should shift when the note is tilted, while the simulated kinegram on the counterfeit note does not have this characteristic
- The surface of the counterfeit notes also lacks an “embossed feel”, unlike on genuine notes (fake notes are most usually photocopied versions of a real note)
What to do if you spot/ receive a fake note?
Anyone who suspects they have received fake currency notes should make a report at any neighbourhood police centre or delay the person who gave the suspected fake note and call the police immediately.
Members of the public should take note of the person’s details, including gender, race, age, height, built, clothing, any tattoos, the language or dialect spoken, and the vehicle the person is using, if any, as well as its registration number.
They should also place the suspected counterfeit notes in a protective covering, such as an envelope, to prevent further tampering, before handing them to the police.
Anyone convicted of using counterfeit currency notes can be jailed for up to 20 years and fined. Those found guilty of possessing such notes may be jailed for up to 15 years.
People with information on the recent cases can call the police hotline on 1800-255-0000 or go to www.police.gov.sg/iwitness to submit the details online.