The BCRA’s decision seeks to improve the security of transactions and avoid the use of inauthentic bills. It is essential for citizens to know how to detect if they are fake, since their circulation can cause inconvenience.
He Central Bank of the Argentine Republic (BCRA) confirmed the implementation of a measure that will affect certain banknotes in circulation throughout the country. With the aim of improving security in transactions and avoiding the use of counterfeit bills, Those that do not comply with the necessary safety features will be removed from circulation. Based on this new provision, it is essential to be alert and know how to identify counterfeit bills to avoid inconveniences.
The measure will focus especially on bills between $500 to $20,000 that do not have adequate security measures. It is crucial that all citizens know what to do if they encounter a counterfeit bill and how to proceed to ensure their transactions are secure.
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Which banknotes will lose their value and how to identify counterfeit ones
Under this new measure, counterfeit banknotes of denominations of $500, $1000, $2000, $10,000 and $20,000 will no longer be valid. This measure seeks to improve transaction security and avoid the use of counterfeit bills that, when detected, will have no value. It is essential to be informed about which banknotes are authentic and which are not, since the circulation of counterfeits can generate losses for both those who receive them and those who try to use them.
Pesos Banknotes
Mariano Fuchila
Banknote security measures
To avoid falling into fraud, It is essential to know the security features that authentic banknotes have. Some of the main ones are:
- watermark: Visible against the light, it is a characteristic that is difficult to replicate.
- Front-back complementation motif: The design on the front and back is aligned when the bill is held up to the light.
- Microletter: Like for example “$500BCRA500BCRA” at the base of the yaguareté silhouette.
- security thread: Embedded inside the paper, it features dynamic effects and displays the denomination.
- intaglio printing: Provides a relief perceptible to the touch.
- Identification for people with reduced visual capacity: Elements that allow people with low vision to identify the bill.
- latent image: Seen through a magnifying glass or by tilting the bill.
- Optical variability ink: Changes color when you tilt the bill.
What to do if you find a counterfeit bill
If you discover that you have a counterfeit bill, you will have to go to a bank to hand it over. The bank will make a record with all the details of the bill and send it to the Central Bank. If the note is confirmed to be counterfeit, it will lose its value, and the bank will inform the depositor of the result.
Source: Ambito
