How to Identify Counterfeit Money?

Though it is said that “Money is the root of all evil”, nevertheless it is worth to admit that money is the friend of odd times. Money can save us from any economic problem or hazard. But sometimes money not only saves us from danger but also puts us on danger. Especially when the money is counterfeit. It doesn’t matter from where you got the counterfeit money. The matter is who got the counterfeit money. Law is enforced against him if he fails to prove himself not guilty. That means, carrying counterfeit money is a cause of unwanted harassment. We should be careful when taking handover of bank notes to avoid this type of harassment. We should crosscheck the bank note to find out if it is original or counterfeit. In Bangladesh, bank notes of Tk. 100, Tk. 500 and Tk. 1000 are counterfeited than any other bank notes. Therefore, we should check the security signs of these bank notes while transacting. Keep in mind that, bank note of Tk. 500 has 11 security signs while bank note of Tk. 1000 has 13 security signs. I’ve posted the image files of those security signs and a video clip as well so that you could learn how to check security signs of a bank note.

 

Besides, you will have to check if the bank note is soft or hard. Counterfeit money is softer than original money which can be identified if felt by hand with caution. We often use the word “Hard cash” in place of new bank notes. If you feel the bank note really hard then the possibility is less that note is counterfeit.  If the note is soft enough to be new then it might be fake. Therefore, be careful. Because, if you prove yourself not guilty while carrying counterfeit money, even then you are on loss as you have a fake note of Tk. 500 or Tk. 1000 which is of no use.