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Sydneysiders Warned To Watch Out For Counterfeit $100 Notes

We're being warned to keep an eye out for funny money being used in Sydney.

According to The Daily Telegraph, Convincing looking counterfeit $100 notes have been distributed near cafes and shops across our northern beaches.

Police are warning business owners to check all notes received and to report any dodgy dough they may find.

If you should come across any suss money, you are advised to try and handle it as little as possible and store the note in an envelope.

According to the Reserve Bank of Australia, about $1.5 million worth of fake notes were used last year in Australia, with 430,000 of them being $100 notes.

People can look out for counterfeits by looking for faults including checking the clear window, looking for the coat of arms and star and distinguishing whether it's plastic.

HOW TO TELL IF YOU HAVE FUNNY MONEY

1. IS IT PLASTIC?

If the note tears easily or if it is thicker or thinner than usual it may be fake. A real note will spring back in your hand when you scrunch it up.

2. DOES IT HAVE A COAT OF ARMS?

If you hold a note in the light, you should see the Australian Coat of Arms.

3. DOES IT HAVE THE STAR?

Diamond-shaped patterns are printed in circles on both sides of a note which from a seven-pointed star when held up to the light.

4. IS THERE A CLEAR WINDOW?

Make sure the white parts of the window don't rub off easily.

5. DOES IT HAVE DARK PRINTING?

The dark ink on notes is slightly raised and can be felt with a finger.

6. HOW IS THE PRINT QUALITY?

Look out for irregularities like undefined patterns, lines and colour differences.

7. DOES IT HAVE MICROPRINTING?

When using a magnifying glass you should see tiny, clearly defined words neared the portrait.

8. DOES IT GLOW?

Under a UV light, the notes should not glow except for the patch and serial numbers.

Source: Reserve Bank of Australia

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