Central bank warns of counterfeit currency in circulation

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The St. Kitts-based Eastern Caribbean Central Bank (ECCB) is urging the public in the sub-regional countries to be aware of counterfeit currency as they prepare to celebrate the Christmas and New Year season.

EC dolarThe ECCB, which serves as a central bank for Antigua and Barbuda, Dominica, Grenada, St. Vincent and the Grenadines, St. Lucia, Montserrat, St. Kitts-Nevis, Anguilla and the British Virgin islands, said that the public should be “cognizant of counterfeit notes” during the season “since individuals often attempt to circulate them during periods of heightened commercial activity and at large public gatherings.

“The public is reminded that counterfeit notes have no value, and that persons in possession of them may be prosecuted. All persons are therefore urged to exercise caution, particularly at night and in dimly lit situations, and to look out for the security features when accepting notes.”

The ECCB said that the security features include a watermark, novel numbering and security threads.

“When a banknote is viewed from the front under reflected UV light, the letters ECCB and the denomination value of the note are clearly visible in yellow, against a blue background. A second security thread is also present which is a narrow, continuous black line to the left of the Queen’s portrait,” the ECCB added.

It said that when the genuine note is held up to the light, parts of the fish fill in, as the area on the back of the note line up perfectly with the front.

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