Currency note in video just paper, says AMBD

|     Danial Norjidi & James Kon     |

AUTORITI Monetari Brunei Darussalam (AMBD) said it has recently found a video circulating among members of the public via social media and text messages with regard to a counterfeit B$100 note.

“AMBD, upon investigation, has found that the note was paper and does not have the features of a polymer note, specifically a 100-Brunei-dollar polymer note,” the monetary authority said in a statement.

AMBD shared that all Brunei Darussalam’s polymer banknotes have distinctive security features.

Details of these security features can be found on AMBD’s website. The AMBD reminded members of the public that in accordance with Section 13 of the Currency Order, 2004, it is an offence for any person to issue currency notes and coins, or any document or token, which resemble or likely to pass as legal tenders, and shall be liable upon conviction to a fine and imprisonment of maximum 15 years.

It is also against the law to possess forged and counterfeit currency notes and bank notes under the Penal Code (Cap 22) and punishable upon conviction with a fine and imprisonment up to a maximum period of 10 years. AMBD also reminded the public to be vigilant, and to report any suspicious currency or bank notes to the Royal Brunei Police Force (RBPF) or AMBD.

Security features

Meanwhile, in raising public awareness and to better identify any counterfeit of Brunei currency, AMBD separately issued a statement to share information on the security features of the Brunei Darussalam polymer bank notes.

“Every month, an average of B$1 billion of currency is circulated among the public in the country. However, how much do you know about the Brunei Darussalam currency? Would you be able to tell if your banknote is genuine? It is important to know the security features of your hard-earned money and guard yourself against counterfeits. Learning how to detect counterfeit money is fairly easy and does not take much of your time once you know what to look for,” AMBD said.

All Brunei Darussalam’s polymer banknotes have similar features. The main security features on the B$100 polymer note can also be found on other denominations, though some may be of different motifs.

AMBD urged the public to always check for a range of features and do not rely on only one or two of the security features in determining the authenticity of the note. It can be useful to compare a suspect banknote with one you know is genuine and look for differences.

First check whether the currency is polymer. Most of Brunei Darussalam’s banknotes are now printed on polymer substrate and have a distinct feel. A suspect banknote may feel excessively thick or thin compared to a genuine banknote. The raised print or intaglio on a genuine banknote gives it a slightly rough feel whether printed on paper or polymer substrate.

Secondly check the clear window. The complex clear window should be an integral part of the banknote and not an addition to the banknote. Check that the white and gold image printed on the window cannot be easily rubbed off.

In addition the public can look at the quality of the printing. The background printing should be sharp. Check for irregularities such as less clearly defined patterns, thickness of the lines or colour differences.

And finally, look at the banknote under ultraviolet (UV) light where there are some embedded fluorescent features in the bank notes including the state crest and a patch showing the denomination visible under the UV light.

“It is an offence to knowingly possess counterfeit banknotes. Suspected banknotes should be given to the RBPF or Autoriti Monetari Brunei Darussalam. If they prove to be genuine banknotes, you will receive full value for them,” AMBD said.

If the public comes across a suspect banknote, firstly, handle it as little as possible and store it in an envelope.

Note down any relevant information such as how it came into your possession. Proceed to report the matter immediately to the RBPF or AMBD.

“You are well within your rights to refuse to accept a banknote if you have concerns about it. Under no circumstances should you take actions that may threaten your safety or that of others.

“AMBD has a Currency Gallery on the ground floor of the BCMB building, Commonwealth Drive that is opened to the public during office hours. All members of the public are welcome and to learn more about the rich history and interesting development of the currency of Brunei Darussalam,” AMBD said.

For enquiries and information, the general public can contact AMBD at info@ambd.gov.bn or by submitting their queries through the AMBD App, which can be downloaded for free from ‘App Store’ for iPhone users and ‘Google Playstore’ for Android users.