The Central Bank of Barbados has responded to circulating images and videos on social media suggesting the presence of a counterfeit polymer Barbadian banknote.
While the Bank refrains from confirming the authenticity of any note without a physical examination, it notes that certain security features consistent with genuine Barbadian polymer notes are visible in the circulated materials.
However, an apparent absence of the holographic image of the Parliament Buildings, typically found on the $20 denomination, suggests damage rather than counterfeiting.
No incidents reported yet, but vigilance urged
To date, the bank has not encountered any counterfeit notes from the 2022 polymer banknote series, according to CBB.
Nevertheless, it emphasizes the importance of remaining vigilant, acknowledging that while the notes boast advanced security measures, counterfeiting is not impossible.
It urges the public to continue verifying their currency using the incorporated security features.
Key security features to verify authenticity
To assist in identifying genuine banknotes, the Central Bank of Barbados highlights several security features incorporated into the design:
- A transparent window near the bottom of the note.
- The note’s denomination appears in the patterned broken trident on the top right of the note when it is held up to the light.
- A raised shape at the back of the note beneath the large denomination numeral. The shape varies depending on the denomination. On the $20, the shape is a circle.
- Elements of the note that fluoresce under UV light.
Prompt action encouraged
The Bank urges individuals who suspect they possess counterfeit notes to promptly report them.
It advises bringing any suspicious notes to a commercial bank or directly to the Central Bank of Barbados.
