Cambodia's central bank urges extra vigilance over fake US dollar banknotes


Counterfeit hundred dollar bills which were confiscated by Cambodian authorities in 2020. - National Police

PHNOM PENH: The National Bank of Cambodia (NBC) has issued a notice, calling on the public to be extra vigilant over counterfeit US dollar banknotes.

Signed by Kith Sovannarith, director general of the NBC's Banking Supervision, on Tuesday and publicised on Thursday, the notice said counterfeit US dollars have been circulating in Cambodia.

The notice said to prevent the circulation of fake dollars and at the request of the US Secret Service, the NBC allowed banks and financial institutions to confiscate any phoney dollar bills from customers without compensation and send them to the US Secret Service for a probe.

Sovannarith said banks and financial institutions were required to report the identity of the customer who circulates counterfeit dollars to the NBC.

"The public must be extra vigilant and scrutinize US dollar banknotes thoroughly before accepting them," he said. - Xinhua

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Cambodia , fake , counterfeit , US , banknotes , dollars

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