The Federation is urging its members to remain vigilant and check all of their bank notes following reports of counterfeit £50 notes in retailers’ tills.
Nilesh Patel was informed about fake £50 notes in circulation through a retailer WhatsApp group chat on March 3. Though the note looked legitimate at first glance, upon close inspection the retailer noticed that it had ‘This is not for legal tender, it’s to be used for movie use only’ printed on it.
He said: “As soon as I heard about the counterfeit note I immediately posted about it in all of the other retailer group chat’s that I’m in.”
Having received a fake £50 note himself just two weeks prior, Nilesh is urging other members to take necessary precautions. “My wife noticed immediately,” he explained.
“It wasn’t as good or realistic as the one in the WhatsApp group but it’s always worth a double check.
“I’d encourage other retailers to always check their notes by using counterfeit note pens or by feeling the note – real ones are recognisable by touch.
“Always check your notes and brief your employees to do the same – £50 is a big loss for a business.”
If you have information about someone making, selling or using counterfeit banknotes, please contact the police via 101 or phone Crimestoppers anonymously on 0800 555 111.
For information on how to spot counterfeit notes, visit:
https://www.bankofengland.co.uk/banknotes/counterfeit-banknotes/how-to-check-your-banknotes
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