Counterfeit banknotes are illegal, but that hasn’t stopped crooks from circulating them in the market.
Recently, a Facebook post has gone viral, touting the sale of fake Malaysian banknotes online.
They listed an exchange rate for their services and openly disclosed that the notes were counterfeit.
In response, a Malaysian politician urged citizens to exercise caution and alert authorities if they receive such notes. Besides that, he has also lodged a police report regarding the incident.
According to China Press, the operators posted an advertisement about fake banknotes in a Kampar-based Facebook group. Kampar, a town in the state of Perak, is a rough 40-minute drive from Ipoh.
Source: China Press via Facebook
According to the post, their exchange rates are RM300 for RM1,000, RM400 for RM2000, and RM500 for RM3500.
“The face value of RM50 and RM100 can be exchanged at will,” the post added.
The operators openly disclosed that the notes were counterfeit, stating that the printing process was the same as genuine ones.
“The differences can’t be felt by hand and can’t be seen by the naked eye,” they explained.
However, the only exception is that customers cannot deposit notes in an ATM.
Regarding the incident, a Malaysian politician, DAP Keranji assemblyman Chong Zhemin, confirmed that he discovered the post selling counterfeit banknotes.
Mr Chong’s assistant reported the incident to the authorities. However, they have also not received any complaints about the matter.
He pointed out that the advertisement was a blatant scam, and the culprits were trying to flood the market with fake notes.
Thus, he urged members of the public to exercise caution and stay alert if they received such notes.
In addition, he emphasised that citizens should refrain from exchanging fake banknotes willingly. Although they are not involved in the production, it is illegal to use these notes.
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Featured image adapted from China Press & Flickr for illustration purposes only.
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