Local currency getting refreshed

Amid warnings from police about counterfeit money, the Central Bank of Barbados is about to unveil it’s first “new family” of Barbadian bank notes in 40 years.

The official launch, which coincides with the bank’s 41st birthday takes place tomorrow morning at the Grande Salle, Tom Adams Financial Centre. Today, the financial institution said the new notes had the same value as the current series but would feature modern designs and upgraded security features.

Representatives from British-based company De La Rue Limited, which prints Barbados’ currency, will be here for the event.

Just yesterday the Royal Barbados Police Force warned Barbadians, especially business, to be on the lookout for fake money. Police Public Relations Officer Inspector David Welch said a number of fake Barbadian notes, mainly of $100 denomination, “have been seized through investigations and a number of persons have been arrested, charged and placed before the Courts of Law”.

“Some of these fake bills have been passed as payment to local businesses. The public is also informed that it is a criminal offence to make counterfeit currency, as well as to knowingly offer one as payment, even if you were not the person who made it,” he said.

“Both the Central Bank of Barbados and the police are advising all persons to become familiar with the security features of genuine Barbadian bank notes. The public is advised to closely examine all the bank notes they receive. It is important to be aware of the security features found on the currency,” Welch added. (SC)

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