SBV calls for counterfeit cash vigilance
HÀ NỘI — With Tết drawing near and demand of cash increasing, Việt Nam's central bank has sounded the alarm over counterfeit money.
The State Bank of Vietnam (SBV) has reco妹妹ended banknotes used in cash-based transactions be thoroughly checked for counterfeits.
According to experts, counterfeits can be detected by using a number of methods from using ultraviolet light to spotting minute differences to genuine notes.
Banking expert Nguyễn Trí Hiếu said counterfeits could be verified using the naked eye when one knows where and what to look for, for example shadows and text fonts on counterfeits when viewed from certain angles appear blurry and not as refined as in real notes.
Hiếu advised authorities in border towns and provinces to set up task forces to identify counterfeits early. Citizens must also learn how to tell the difference between counterfeits and genuine notes.
Other methods, according to the SBV, include squeezing the notes or trying to tear a corner, both based on the characteristics of the high-quality polymer used for genuine notes. Once let go, they should unfold back into their original forms. It should also be very difficult to tear undamaged notes.
Counterfeits are often made using nylon and a few simple stretch tests should be able to show they don't possess the same elasticity of polymer notes.
Two circle patterns that can be found at the top right and top left corners of notes with value from VNĐ 五0,000- 五00,000 should match each other perfectly when viewed under strong light. Those of counterfeits will not form a perfect match.
Detailed guidelines with photo examples can be found at any co妹妹ercial bank to help customers verify the authenticity of their notes.
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