Do you know that identifying the authenticity of a country’s currency can be a difficult task? Yes, and in Nigeria, there is still no difference with the advanced technology used by these imposters having the knowledge on how to identify fake Naira notes has become a problem in Nigeria. However, there is some knowledge we will be passing down to you guys today to safeguard you and help you pinpoint the fake notes.
Although these fake naira notes are been produced without the official knowledge of the Nigeria federal government,
However, It is not necessary to have a degree in economics to identify original Naira notes from the counterfeit ones in circulation.
By providing information on how to spot counterfeit Naira notes, this article will help the general public avoid being robbed by these civilized thieves.
There are a number of security features built into genuine Naira banknotes that make it easy to dictate if they are fake notes or original.
Tips for identifying fake Naira notes.
Below we’ll discuss and highlight different approaches and street methods to discover fake naira notes without going to the bank for verification.
Check the texture
You have every right to be concerned, reject the Naira note, and demand another if you find that its texture is soft and the image within it appears dull.
Always be on alert and do business in a place you can be free to check the originality of your notes.
2. Observe the gold foil
The gold foil on the N1000 note can be found on the right side, next to the CBN governor’s signature. The gold foil on a counterfeit note will peel off immediately if it is scratched, however, if the gold foil is genuine it will not because it seems to be strapped inside the note not printed on the note.
Fake foil: printed on the note
Original foil: strapped in the money.
3. Use water or other liquid
Using water or another liquid, counterfeit bills can be easily distinguished from genuine ones. The inks used to print counterfeit bills are easily removed by water and other liquids.
To verify the authenticity of a Naira bill, soak it in water or gasoline and give it a light scrub. If it is counterfeit, the colors will change immediately. As easily as water erases a watercolor painting, so too will counterfeit bills lose their vivid hues.
Once again, if you soak the paper in water, it will become unusable. It will roughen up and take on a paper mache appearance. A genuine banknote, however, will not have this appearance when dipped inside of a liquid.
4. Examine the ribbon/thread
All Naira banknotes feature a ribbon-like thread running vertically from top to bottom.
This thread is visible in real notes. In particular, older Naira banknotes display this ribbon. However, in forged notes, there is this line that appears to be the thread but is actually something else entirely.
All that can be seen of the thread on the counterfeit notes is a thin, painted line. The paint will flake off in sheets like the solver panel on recharge cards if you scratch the surface.
5. Use mercury bulbs
The paper used for Naira notes has qualities that are invisible to the naked eye. All of these details are only on authentic Naira banknotes, and they are invisible without using mercury light bulbs.
When held up to the light of a mercury bulb, a genuine N1000 note will reveal the numerals “1000” written across the note in brilliant relief. And the same holds true for lower denominations.
In order to tell real Naira bills from counterfeit ones, all you need to know are the five easy-to-remember rules we just covered.
6. Raising it up to the sun:
just as we introduced to you at the beginning of this article we said it’s a street method yea. To use this method is the simplest technique to id fake naira notes all you need is sunlight step out of your shop or house raise up the currency to the sun and then you will notice some hidden watermarks which you cannot see with your eyes ordinarily. some elements to see are the iconic heads, CBN, and 500 or 1000 figures within the note according to the currency.