This archive report was first published on 9 September 2019.
With only three weeks left to exchange old Sh1000 currency notes, the risk of encountering fake notes is high. To avoid being duped, it's crucial to be aware of the signs of genuine notes and the features of fake ones.
According to the Kenya Bankers Association, fake notes have been increasingly seized in Sh500 and Sh1000 bills. These fake notes often target mobile money agents, such as M-Pesa shops and bank agents.
Here are some key features to look out for in fake notes:
- No lion watermark feature: When held up to the light, the three-dimensional portrait watermark of the lion's face on the left side of the note cannot be clearly seen.
- No CBK initials: Fake notes do not have the CBK initials and the numerical value of the currency along the silver inter-woven security thread.
- No glow under UV light: Fake currency notes do not glow under UV or neon light.
- Touch and feel: The feel and texture of fake notes are different from genuine ones. Genuine notes are made of fine linen, while fake notes use normal paper.
- Fade in colour: Fake notes fade colour when they come into contact with water.
- Minor details are off: Take note of minor details such as spellings on the notes, the signature of the CBK Governor, and the coat of arms both at the back and front of the notes.
By being aware of these features, you can authenticate and distinguish between fake and genuine currency. If you suspect a note is fake, take it to the bank for verification.
