Abbotsford Police are warning people about a fresh round of counterfeit $20 bills, which are currently circulating, primarily in the Fraser Valley.
In a release, police said the fraudsters are creating fake bills by taping clear plastic “hologram” panels into computer-printed “bills,” and passing them to local businesses.
To help people spot the fake bills, police have offered a number of tips:
- Look closely at the hologram to make sure the denomination matches the
denomination on the banknote. The “hologram” of recently circulated fake currency
- Feel the bill; counterfeit currency is rough whereas the authentic polymer bill is
- Ensure that the edges of the bill are straight and that it has the same dimensions as
other bills; fake bills are often poorly cut and are not of uniform size.
- Images on the bill should be crisp and well-defined; the images on counterfeit bills
are sometimes unclear.
Police noted that businesses are likely to be targeted “during busy periods” or when “less- experienced staff” is working.
On its website, The Bank of Canada has a full list of security features that can be found on the authentic $20 bill.