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Look out for counterfeit $50 notes

December 12, 2016

Look out for counterfeit $50 notes

Earlier this year the RBA and NANA reported to Members about fake $50 notes that were circulating. Once again counterfeit $50 notes have been found as recently as last week in QLD and this week in NSW after a Douglas Park man was arrested after Police searched his home and located $2700 worth of counterfeit notes along with some other prohibited items.  Investigations are ongoing and more arrests are expected but it seems there are still many fake notes in circulation.