Police Issue Warning About Counterfeit 500 Rufiyaa Notes in Circulation

The Maldives Police Service has recently issued a public alert about the circulation of counterfeit 500 rufiyaa notes, particularly those printed on standard paper. This warning follows the arrest of two individuals allegedly involved in the distribution of these fake notes.

Recent Arrests

In a coordinated operation, police arrested Aishath Shizny from Salva, Th. Thimarafushi, and Mauzu Mohamed from Athamavila, S. Hithadhoo. The arrests took place after a complaint was filed last Tuesday regarding the use of counterfeit currency. During the investigation, officers discovered a total of 24 counterfeit 500 rufiyaa notes in their possession. The suspects were brought before the Criminal Court, where they were ordered to be detained for 30 days as investigations continue.

Counterfeit Notes in Business Transactions

Authorities have reported that these counterfeit notes have been spotted in various business transactions across the country. This situation raises serious concerns about the potential impact on local businesses and the economy. The police are urging the public to exercise caution when handling currency, especially during transactions.

Importance of Checking Security Features

To combat this issue, the police emphasize the necessity of being vigilant. Individuals need to familiarize themselves with the security features found on genuine Maldivian rufiyaa notes. This includes looking for specific elements such as watermarks, security threads, and the quality of the paper. Counterfeit notes often lack these vital security features, making them easier to identify.

How to Identify Counterfeit Notes

Here are some helpful tips to help you spot counterfeit 500 rufiyaa notes:

  1. Feel the Paper: Genuine notes are printed on a specific type of paper that feels different from regular paper. If it feels too smooth or flimsy, it might be counterfeit.

  2. Examine Security Features: Check for the watermark and security thread. You should see a watermark of a Maldivian landmark, along with a security thread that changes color when viewed from different angles.

  3. Look for Clear Printing: The printing on a genuine note should be crisp and clear. If it appears blurry or poorly defined, it’s likely fake.

  4. Check the Serial Numbers: Genuine notes have unique serial numbers. If the serial numbers are repeated or seem unusual, be cautious.

What to Do if You Encounter Counterfeit Notes

If you come across a counterfeit note, the police urge you to report it immediately. This action is crucial in helping authorities track and apprehend those involved in the counterfeiting operation. You can report suspicious notes to the nearest police station or contact them through their official channels.

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