The majority of these counterfeits have been Canadian $50 bills, however, several U.S. $100 bills and Canadian $5 bills have also been discovered, RCMP said in a press release.
It’s unknown if the transactions are related at this time, but police are issuing a reminder to the public that steps can be taken to prevent these counterfeit transactions from taking place.
“Canadian currency in general has several unique security features designed to prevent counterfeiting,” Const. Chris Terleski said in a press release.
“By far, the most recognizable feature is that Canadian currency is made from polymer, not paper and the difference is immediately noticeable. The holograms in real currency are embedded, fakes will have them taped or glued leaving an unfinished, rough edge. These differences are easy to spot if you know what you are looking for.”
RCMP warned that people should be wary of large bills to make small purchases. Fraudsters, Terleski said, will do this to try to make off with the most significant amount of legitimate currency possible.
“If you suspect a person has given a counterfeit bill, remain polite, refuse the transaction, and ask for another bill or payment,” Terleski said. “Remember, the person may have no idea the bill is counterfeit.”
Additional information for staff and security features of currency can be found by visiting the Bank of Canada website.