How to Know or Identify Fake Redesigned Naira Notes in Nigeria
The central bank of Nigeria recently redesigned some naira notes such as 200, 500, and 1000 naira. The administrators of Nigeria’s apex bank announced that it took the decision for various reasons. There has been opinions and counter opinions why the bank made such decision. This policy came with its side effects, and one of the side effects is the poliferation of fake naira notes. In this post, we’ll be examining how to know or identify fake redesigned naira notes in Nigeria.
Trust some Nigerians who are used to doing illegal businesses. Noticing that the new naira notes are easy to produce, these people resorted to producing counterfeit naira notes. You should know that it was the 200, 500, and 1000 naira notes that were redesigned. So, the counterfeit producers, chose to produce these set of notes.
Therefore, you should try and watch how and where you collect these currencies. Since they are new notes, there would be counterfeit every where. We’ll be guiding you on how to know the counterfeit currencies one by one, starting from the 1000 naira note.
How to Know or Identify Fake Redesigned Naira Notes
There are different ways you can know that the redesigned naira notes are not real. This, of course, means that they are fake. The characteristics or features we presented here that you can use to know a real naira note was presented by the Central Bank of Nigeria. The important question now is how do you know the real one?
How to Know a Fake or Real 1000 Naira Note
1. Gold-colored Ionegram (Coat of Arm and Smaller Image of the Currency): By the down right hand side in the front of the currency, there is a gold-colored ionegram in square shape. This is the foremost characteristics that marks a real 1000 naira note. There is coat of arms engraved in this ionegram, and also the smaller image of the currency. This is the best way to know a real currency.
2. Portrait Watermark: Aside from the main portrait of two former CBN governors on this note, you can also see the watermark of their portrait on the right hand side. Lift the currency and put it against any source of light to make sure it is present there.
3. Optically Variable Ink: There is type of ink used on this note that changes color when put under the sun and moved around. Once you put it under the sun, move the currency around, if a part of the currency changes color then it is genuine.
4. Windowed Metallic Security Thread: A real 1000 naira note should have a long thread of windowed metallic security thread. It is closer to your right hand side. The thread should have the color of shining metal, and bears the inscription of the CBN.
5. See through Printing Register: There is also the characteristics of a see through printing register on this currency. This means there is a part of the currency that should have see through printing.
6. Fold the Note and Leave it: You can also know if it is fake when you fold and drop to watch it. If it wastes time unfolding, then it is obviously fake. A real 1000 naira note doesn’t waste time unfolding.
7. Drop Water on It and Rub Off: You can also know if it is fake when you put a drop of water on it and rubbed it off vigorously. If the currency remains the same without rubbing off or showing signs of paper removing, then it is real. If it does otherwise, then it is fake.
You should note that you can’t know a fake or real naira currency by merely looking at the color, especially not with the redesigned naira notes. Colors of naira notes can be deceiving. It is better you check it as against the factors we have listed here.
How to Know Fake or Real 500 Naira
1. Optically Variable Ink: This is as the same as observed in 1000 naira note. A part of the currency has to change color when moved against the sun.
2. Portrait Watermark: There should be a portrait watermark of Nnamdi Azikiwe on the currency aside from the main portrait. It is at the right hand side in front.
3. CBN 500 Watermark: There should also be a CBN 500 watermark on the currency.
4. Hand Engraved Portrait: Nnamdi Azikiwe’s portrait on the currency should look hand engraved, and not merely printed like a paper.
5. Windowed Metallic Security Thread: There should be presence of this on the currency with CBN indicated on it. It should be shiny a bit and not bland.
6: See through Printing Register: The printing register should be see-through.
7 Silver Patch: There should be a silver-colored patch at the front, around the down left handside. This patch should contain Nigeria’s coat of arm.
You should also remember to fold the note or use a drop of water as we indicated in 1000 naira note.
How to Know a Fake or Real 200 Naira Note
1. Optically Variable Ink: This is as indicated in the other notes.
2. Hand Engraved Portrait: The portrait of Ahmadu Bello is hand engraved, and not merely printed, on this currency. You should get to know the difference.
3. Portrait Watermark: There should be the portrait’s watermark at the space on the right hand side.
4. CBN 200 Watermark: You should find the CBN 200 Watermark at different sections of this currency.
5. Windowed Metallic Security Thread: Check this on the currency as recommended for the currencies listed earlier.
6. See through Printing Register: There should be the characteristics of see through printing on this currency.
7. Gold Patch: There should be a golf patch on the front side of the currency, at the down left handside. This patch should contain Nigeria’s coat of arm.
In addition to all of these, you should do well to use the folding and dropping of water methods as presented for 1000 naira note to also ascertain if this currency is real or not.
How to know or identify fake redesigned naira notes in Nigeria is not much of a difficult task. You should simply know how to do it, and how to go about it. This post ensures to guide you well.
In addition to all that have been written, if you are into a large scale business that you get lots of cash, we advise you get money verifying device. It is very affordable, there is one of around 10,000 naira. This is because you can’t have all the time in to he checking every currency this way, so you should endeavor to use the device to avoid loss of money.