Counterfeit polymer banknotes reported in Vietnam

[akdrv]

The new polymer notes appearing around the world may be more difficult

to counterfeit, but that doesn't deter counterfeiters for long: "An

officer at the Hanoi Branch of the Saigon Industrial and Commercial

 

Bank on July 26 discovered a counterfeit VND100,000 polymer bank note."

Nguyen Van Toan, Deputy Head of the Vault and Issuance Department under

the SBV said that counterfeit VND100,000 bank notes had been found

before, in March 2006. The SBV later warned the public against the

circulation of counterfeit money and posted instructions to the ways

to differentiate real and counterfeit money on their website

www.sbv.gov.vn

 

The newly discovered counterfeit VND100,000 bank note was almost

an exact copy of the real note. In the past, counterfeit notes were

easily produced on the old style cotton paper, while the new polymer

material has proven harder to emulate."

 

"Mr Toan from SBV said that although the counterfeit notes were made

with very sophisticated equipment, they can still be easily recognised.

Mr Hanh from SBV’s HCM City Branch said that the counterfeit bank notes

are identified by the late generation counting machines."

 

http://english.vietnamnet.vn/social/2006/07/596081/

[gxseries]

YIKES!!!

 

I thought it would be a matter of time since Australia made debut in 1988 but who would expect Vietnam would to target such notes!

 

Actually there was a rumor that the Vietnamese gangs counterfeited Australian 50 dollars bills, so who knows if they are related to the counterfeiting of such Vietnamese dongs.