More fake Euros in Vietnam
The volume of counterfeit euro banknotes circulated in Vietnam has become heavier since early this year, according to an executive of the Ho Chi Minh-based commercial bank.
The bank has suggested that people carry out foreign currency transactions at banks to ensure exchange safety.
The fake euro banknotes are often made on “unqualified” paper that is not as tough as the real material and can be distinguished by its blurred color.
It’s also recommended that people pay attention to security factors such as anti-counterfeit stamps and the safety belt on the bill.
The false euro bills are found mainly in €200, €100 and €50 denominations, said Nguyen Quang Triet, head of the Export-Import Bank of Vietnam (Eximbank)’s budget department.
He added that the €100 bill was copied the most but the printing technique used to make the false €200 note was much better than the rest.
To face a flow of faked foreign currency into Vietnam, the banks have increased cooperation in the sector with foreign banks to update information on the counterfeit money and exchange professional abilities.
By Thanh Xuan - Thanh Nien - July 28, 2006.
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