Barbados Central Bank launches banknote App

Barbados Central Bank launches banknote App

Barbados Central bank launces an App to enable residents to verify the validity of the nation’s currency and prevent counterfeiting.

The Central Bank of Barbados (CBB) on Monday launched a currency application as part of its efforts to combat counterfeiting.

The CBB said the mobile application known as “Barbadian Banknotes: Are Yours Real?” can be downloaded free from Google Play or iTunes.

Authenticate currency

With this App Barbadians have the information they need to authenticate their money right at their fingertips,” said Octavia Gibson, Deputy Director, Currency at the CBB.

“We’ve always stressed the importance of checking your notes as soon as you receive them, and this is an on the spot counterfeit detection guide.”

Gibson said the App works by choosing the denomination the person intends to examine “and it not only shows you where the security features are on that note but also how they work. So, if you’re looking at the BDS$100 note you can select the hologram and it will show you it is changing color. With this App you know exactly what you should be looking for on your notes.”

Created in collaboration with De La Rue

The new App was created in collaboration with Barbados’ banknote printer, De La Rue, which also helped produce Bank of England’s currency App. Several other international central banks, including Switzerland’s, Pakistan’s and Australia’s have also introduced similar apps.

Fight against counterfeiting

“This is only the latest resource available in our fight against counterfeiting. We continue to have a wealth of information on our website, we still have printed materials available free of charge for those who want them, and we also offer free training sessions to companies and groups upon request,” Gibson Said.

“What’s unique about this is the convenience. I encourage everyone to download the App and to use it to protect themselves,” she added.

For recent news on the Barbados currency, visit the link: Barbados records over 2% economic growth so far in 2017

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