How to recognize a fake naira note from a real one after the redesigned currency

There have been reports of fake notes entering the system since the Central Bank of Nigeria put the new naira notes into circulation, raising serious worries.

The Naira banknotes, however, are guarded by a number of security features, according to the Central Bank of Nigeria, making it simple to identify authentic notes. The raised print, the security thread, and the watermark are the unique characteristics that can be recognized by touch and visibility. On the obverse and reverse of the notes, the denominational digits, writing, and portrait are all embossed.

DONVRICHY BLOG has compiled several methods to spot a fake banknote in order to protect Nigerians from being scammed by counterfeiters.

Look for a thin strip that runs from the top to the bottom to tell if the note is real or fake. Every genuine paper naira note contains this strip or thread. This strip would never be on a false note; instead, it could only have an imitation of one.

A gold foil can be seen on your note to the right of the CBN governor's signature. Peeling the foil will allow you to verify the note's legitimacy. If it does peel, the note is clearly a fake because the genuine notes doesn't.

In general, the images and colors on a genuine note are clear and accurate, but those on a counterfeit note can vary in clarity and appearance. You will typically see that the inks flow out of the images when the paper is brought up to the light.

When in doubt, lightly rub the note against your palm while submerging it in water or petrol. If the note is a fake, the colors will wash off, much like when kids use watercolor. When handling an authentic note, this only occurs.

Banknotes are typically created using a special kind of paper, whilst counterfeits are created using regular paper. You can try this easy test. Hold the note in question in one hand and the note that has already been shown to be authentic in the other. It is anticipated that the fake note would feel exactly like the real one. If not, however, it exposes it as a fake.

This is possibly the most reliable way to spot a fake naira note. Unless the notes are held up to a mercury light, some features contained in the naira notes are invisible to the naked eye. Since these characteristics are hard to replicate, only authentic naira notes have them. A luminous numeral figure of the note shows across the note in the background when held up to the mercury bulb's light.

If allegations on social media are to be believed, fake versions of the CBN's newly redesigned naira notes are already circulating in Nigeria.

A fake N1000 note was utilized in a popular video that recently surfaced on social media,

The gold seal that can be seen at the bottom right of the new note was missing from the counterfeit note, according to the anonymous person who created the video. He asserts that a client who frequented his wife's Point of Sale utilized the note (PoS).

Recall that on November 23, 2022, President Muhammadu Buhari revealed the newly designed naira notes. Deposit money banks continue to make payments in old naira notes despite the fact that the newly redesigned notes went into circulation on December 15, 2022. They do this because they maintain that there is not enough of the new notes in circulation.