Fake VND200,000 notes circulate

HA NOI - (VNS) Fake VND200,000 banknotes have been circulating in the market, the State Bank of Viet Nam said in a statement on Tuesday.

The fake banknotes, though meticulously printed, are less durable and elastic than the real polymer notes, so users can still distinguish them by the naked eye and by slightly tearing the notes' edges.

In addition, the fake notes are also easily distinguished because they are not printed with optically variable ink (OVI). The ink, an anti-counterfeiting measure often used on banknotes, displays two distinct colours.

Those concerned should check the small transparent window on the notes to see if there is a hidden image on it. If so, the bill is authentic. One can also check the serial number. When exposed to ultraviolet light, the serial numbers on the fake bills do not produce the same luminescence as those on the real ones.

In another development, the State Bank will terminate the circulation of cotton-fibre banknotes in denominations VND10,000 and VND20,000 from January 1, 2013.

The denominations will still be available in polymer notes.

From the date of termination the cotton-fibre banknotes may still be changed into equivalent polymer banknotes at the Central Banking Department, State Bank branches, credit institutions, foreign bank branches and the State Treasury.

The bank issued Notice No. 293/TB-NHNN on September 28, 2012 in response to Decision No1285/QD-TTg of the Prime Minister dated September 17, 2012. – VNS