Johor retailer finds counterfeit currency circulating

Electrical accessories retailer Yeoh, in Jalan Bakawali 50, Taman Johor Jaya told Citizen Journalists Malaysia (CJMY) recently that since their company started business in 1994, they first encountered two fake RM50 notes in June 2010.

Despite being careful they made another transaction to end up with another fake RM50 note in August same year.

Jalan Bakawali 50, Taman Johor Jaya where the fake RM50 note was transacted.
The affected shops on the left.

The company owners took remedial action by using the UV currency scanner to scan all RM50 since.

The problem did not arise again until early this year when the same shop-owners were short-handed. During the morning peak hours, they forfeited scanning the RM50 notes during transaction and was duped again this year in March.

This time, they found that the fake notes were in the form of the latest currency design. In total, they had collected four counterfeit currency and had it displayed in front of their shop to ward off those involved in this illegal transaction and to create awareness amongst the customers.

The first two pieces of the RM50 notes discovered in June2010
Third fake RM50 note discovered in August 2010
Fourth fake RM50 note discovered in March 2012

Bank Negara Malaysia has listed on its website ways the public can be better informed so they would be able to tell the difference between the fake and real currencies.