Friday 3 April, 2020

No truth to claims of fake $100's in December

Finance Minister, Colm Imbert is rubbishing claims by a local newspaper that there have been fake $100 polymer notes in circulation since December.

Earlier this week, the paper alleged that the Banker’s Association of Trinidad and Tobago (BATT) made the claim in response to a vendor’s revelation that he received a fake note last week.

The Minister, responding to an urgent question in the Parliament today says the president of BATT claims there’s no truth to the statement.

“There has been no statement from the Banker’s Association that counterfeit polymer notes have been in circulation since December. That is misinformation, propagated by a daily newspaper. I spoke to the president of the Banker’s Association myself and she indicated that no such statement has been made to any newspaper,” he countered.

Minister Imbert went on to explain that, as far as he’s aware, someone involved in security at one of the banks claimed to have seen a video of counterfeit notes. He says the video has never been substantiated and has nothing to do with the Association.

He went on to explain that the Association noted that counterfeiting is a global issue.

“The good thing is that the new bills have far more security features than the old bills and are far more difficult to counterfeit than the old bills,” he continued.

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