| The amount of counterfeit currency in circulation in Guyana is very minimal,Cheap NFL Jerseys Wholesale, according to the Governor of the Bank of Guyana, Lawrence Williams,Soccer Jerseys Cheap, who, in a recent press briefing, said that it is only about 0.005 per cent of total circulation.According to the bank official, that amount represents some $25,000 per month. While the quantity was deemed to be minimal, the bank official said, any note discovered gives cause for concern.Counterfeit money was highlighted in the media early last year when Customs officers unearthed $14M in counterfeit Guyana currency hidden among some items in a barrel which had been sitting at the John Fernandes Wharf for almost two years.Some of the security features outlinedThe stunning discovery was made after a decision was taken to open up the barrel, which was shipped from London through the Harrison Shipping Company,China Jerseys Wholesale, in May 2006, to an Essequibo Coast resident.According to a Guyana Revenue Authority (GRA) statement, the counterfeit money and other articles which were sent two years prior to the discovery was unearthed during routine duties at the city wharf.Sources said that the money was in numerous piles hidden among items in the barrel which included pens, towels and tools.As the Customs officers removed the items from the barrel, they discovered the money piles.In 2005, in a bid to keep in line with international best practice, the Bank of Guyana introducing upgraded $100 and $1,000 bank notes with improved security features.The upgraded banknotes touted several security features that are really easy to check with the naked eye.The security features on the Guyana currency banknotes are only useful if people make use of them, thus it is every user’s responsibility to get to know the upgraded banknotes and to check for the security features.The notes carry the enhanced feature of a “new wide security thread”.The complete thread is visible when held up to the light,Cheap Jerseys For Sale, and the legend “Bank of Guyana” can be seen.A metallic sheen is seen on the $100 bill and a colour shift sheen is present on the $1000 notes.The denomination of the bank notes displayed at the top left corner of the face of the notes was enlarged to facilitate easier identification by the visually impaired.There are other features.Meanwhile, the Bank of Guyana started a series of one-day sensitisation workshops on Saturday,Sale NFL Jerseys, January 31. The first of these started with the Berbice Chamber of Commerce and Development Association (BCCDA), to help the public and private sector employees identify the bogus money.At that forum, BOG Director of Operations Joseph Lall disclosed that,Cheap Jerseys For Sale, in 2008, Government spent $720M to print notes and to mint coins, an increase of 14 per cent over the sum expended in 2007 for the same purpose. |
