Statement from the Central Bank regarding fake dollars in Turkey

By admin, Kasım 28, 2024

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Counterfeit dollar alert issued in Turkey! It is said that fake $50 and $100 banknotes were smuggled into the country through the Southeastern border and are on the market in many provinces. Currently, both foreign exchange offices and banks, While stopping the purchase of $50 and $100 billsThe public statement regarding fake dollars came from the Central Bank of the Republic of Turkey and the Banks Association of Türkiye.

Banks Association of Türkiye: Money counting machines and ATMs are being updated

Regarding the fake foreign currency banknotes of the Banks Association of Türkiye; “Recently, there has been news that the circulation of fake foreign currency banknotes has increased in the market. In order to combat counterfeit foreign currency and prevent its circulation; Necessary checks and updates of money counting, counterfeit currency control and ATM machines in use are carried out. The banking sector works meticulously in close cooperation with relevant public institutions to ensure that economic activity continues in a healthy and uninterrupted manner, to protect the rights and interests of customers, and to complete the necessary work in a short time to effectively combat counterfeit foreign currency. It is made available to the public.” he said.

Turkish Central Bank fake dollar statement

Central Bank of the Republic of Türkiye, regarding fake foreign banknotes; “Our bank carries out the necessary work in coordination with the relevant judicial authorities within the scope of effective combat against banknote counterfeiting. In this context, fake currency notes, which have been the subject of news about the increased circulation of fake foreign banknotes in the market recently, were sent to our Bank by the judicial authorities for the preparation of an expert report. The expert reports prepared by our Bank regarding the fake banknotes in question were shared with the Banks Association of Turkey and the Participation Banks Association of Turkey in order to warn the banking sector as well as the judicial authorities. In addition, necessary guidance has been made to take precautions against fraud in the technological infrastructure. It is made available to the public.” he explained.

How to spot a fake dollar?

Methods to detect fake dollars — Counterfeit 50 and 100 dollar bills **Not installed in money counting machines and ATMs** It is said. So, how is the stage dollar determined? Here’s how to tell if the dollar is fake:

1. Raw material of paper

The pulp of the dollar consists of 75 percent cotton and 25 percent flax; Therefore, it is stated that the increase in cotton prices also affects the production cost of the dollar. All US dollars In addition to being printed on cotton-linen-based paper that absorbs ultraviolet light, it contains red and blue capillary fibers.. In addition, coin series shine under safety tape and UV light. However, it is still not easy for non-experts to understand. In addition, according to the information on the Central Bank’s website, the original TL banknote paper is produced from 100 percent cotton fiber.

2. Micro writing

According to the information provided by the General Directorate of Security, the phrase ‘The United States of America’ is written in micro form in the last row of three rows of frame lines around the portrait on the front of the 50 dollar bill. In the 2004 edition, on the two stars to the right and left of the US Federal Reserve seal on the front of the banknote, the word “USA 50”, “USA FIFTYThere are phrases “. In addition, on the left collar of the person in the portrait’s shirt is the words ‘The United States of America‘ phrases are written in micro form.

3. Color Changing Ink

According to the information in the EGM, when the number “50” on the front of the 50 dollar banknotes is viewed vertically, greenwhen viewed from an angle black It gives a color image. In the 2004 edition, the number “50” appeared when the banknote was tilted up and down. copper from its color to green It is known for its transformation.

4. Safety Lane

It is stated that the most guaranteed way to understand that the dollar is real is to check the writing inside the string of the money. Hold the dollar up to the light and look at the security strip; You should check whether USA and the banknote amount are written on this strip. For example, on a $100 bill USA HUNDRED It is necessary to see the text on both sides of the coin.

5. Smell

Although this method is not useful for most, some experts say that fake dollars can be distinguished by their smell. Every newly minted currency, whether fake or real, the smell is heavy is; However, it is emphasized that one can suspect whether the new edition is real or fake, based on this chemical smell.

Source

https://www.tcmb.gov.tr/wps/wcm/connect/TR/TCMB+TR/Main+Menu/Duyurular/Basin/2024/DUY2024-63

https://www.tbb.org.tr/Content/Upload/Dokuman/9089/TBB_KD_281124.pdf

https://www.egm.gov.tr/kurumlar/egm.gov.tr/IcSite/kom/DOLAR%20GÜVENLİK%20ÖZELLİKLERİ.pdf

Etiketler: bank, Central, dollars, fake, statement, Turkey