It is common to receive fake currency without knowing it, since they circulate daily. Therefore, the Bank of Mexico (Banxico) has published information on the most counterfeited banknotes in 2023 and how to identify them to avoid problems.
It is important to note that counterfeit money criminals have been improving their techniques and creating increasingly sophisticated notes, but it is still possible to identify counterfeit notes and avoid problematic situations.
How many counterfeit bills are in circulation?
There are thousands of counterfeit bills in circulation.
As we mentioned in The Truth News, BANXICO has revealed that during the first quarter of 2023, around 83,000 counterfeit bills have been detected in circulation in Mexico, which are equivalent to more than 25 million pesos. It is important to be careful, since it is possible that some of these bills end up in our hands without us noticing.
What are the consequences of producing, storing or distributing counterfeit banknotes?
It is crucial to note that counterfeiting money is a federal crime that can result in a sentence of up to 12 years in prison. Therefore, it is of great importance to detect and distinguish counterfeit banknotes.
These are the most counterfeited banknotes in 2023
The 500-peso bill is one of the most counterfeited.
According to the information provided by BANXICO, the 200 and 500 pesos bills are the most counterfeited and widespread in Mexico. Despite this, apocryphal 50-peso bills have also been found. It should be noted that all bills can be counterfeited, so you have to be very careful.
It may interest you: How to identify a counterfeit bill and what should be done?
Can counterfeit bills be detected?
We provide you with a quick and easy guide so that you can detect counterfeit bills and avoid being a victim of fraud.
- Touch the surface of the bill and verify that you can feel the reliefs on it.
- Hold the bill up to the light to identify the watermark, security thread, and clear window.
- A real bill feels thick to the touch, so pay attention to this feature.
- Observe the color of the banknote, since the false ones usually present small differences in this aspect.
There are other suggestions to avoid receiving counterfeit bills, for example, it is recommended to avoid using high denomination bills and choose to make payments through mobile applications or other electronic means.
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