These monies are printed by criminals and people who have access to the machine, then taken out to the markets to be spent on unsuspecting traders.
Being in possession of a fake currency note is as good as being in possession of paper, and you could even be arrested for it even if you do not know how it came along.
This is a major reason you should be very careful. Some 'kindhearted' traders and shop owners simply perforate of destroy the funds, while the others would take it up.
There are so many ways to check for the fake currencies, but most times they are trickish and need some elements of professionalism.
We'd see a few of them below.
How To Identify Fake Currency Notes Or Counter
There are so many ways to identify fake money when you see one. Some are very effective and have high level of accuracy, the rest don't.We'd see them below:
• Use A Currency Verifier
A currency verifier, also known as a currency validator is a device that can be used to check if a currency note is genuine or not, and is mostly found in banks, shopping outlets and retail shops.The device helps in bulk identification of fake currency notes and involves the examination of the notes inserted through various tests, which at the end show if it is a counterfeit.
• By Checking The Texture Of The Notes
This is one of the most popular ways of checking if a currency note is genuine. It is manual and unlike the first, has to be done one-by-one which means that it is also slow.
If the texture of the money is 'unusually' soft, you might have to run a recheck.
Aside that, if the image on the currency note looks dull and blurry, you can politely reject and ask for another.
• Use Water Or Any Other Liquid
Don't use something like palm oil or red wine that would deface our precious money...Lol! Aside using a currency verifying making or checking its texture, this is another method that works like magic.The magic is that the colours used in the printing of the fake currency notes are soluble in water, and so whenever they get in contact you will see it washing off!
Aside that, it will also tend to get rough and more like a paper sheet.
• Check The Gold Foil
There's a gold foil on the ₦1,000, just beside the CBN governor's signature. That gold foil doesn't scratch off on genuine notes but if you try it on the fake one...EWWW...sorry!• Check The Ribbon/Thread
This is another interesting way to differentiate between the original Naira notes and the fake ones. On the genuine notes, the thread will be there and can be felt, running from the top to the bottom of each notes.However on the fake one, all they can produce is a straight line painting like the thread on the original ones. If you scratch the paintings, it will peel off like the solver panel on recharge cards.
• Use Of Mercury Bulbs
The use of the mercury bulb is one of the most popular alternatives to the currency verifier, however it also does it job manually.There are some features of the Naira notes that aren't viewable with bare eyes, but can only be seen with the help of the mercury bulbs.
If a real ₦1,000 note is placed under the rays of the mercury bulb, it will show a glowing 1000 written across the note. This also applies to the other denominations.
However the fake notes do not have this feature and it is a con on their side.We need to shine our eyes now to survive in Nigeria because things aren't better anymore.
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