RBNZ seeks to quell ‘urban myth’ over counterfeit cash

Central bank says people risk falling foul of the law as practice of “scraping” banknotes spreads

New Zealand dollar banknotes

The Reserve Bank of New Zealand is trying to quell an “urban myth” that is leading to people defacing banknotes in the city of Christchurch.

The RBNZ put out a statement on December 20 cautioning people that they could be breaking the law if they “scrape” banknotes to try and detect counterfeits.

People in Christchurch have been using coins to scratch banknotes because of a rumour that the printing can be scraped off counterfeit notes. “This is completely false, not one of our recommended ways

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