Barbados launches banknote app

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Barbados launches banknote app

Tuesday, October 03, 2017

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BRIDGETOWN, Barbados (CMC) — The Central Bank of Barbados (CBB) yesterday said it had launched a currency application as part of its efforts to combat counterfeiting.

The CBB said the mobile application known as “Barbadian Banknotes: Are Yours Real?” can be downloaded free from Google Play or iTunes.

“With this app, Barbadians have the information they need to authenticate their money right at their fingertips,” said Octavia Gibson, deputy director, currency at the CBB.

“We've always stressed the importance of checking your notes as soon as you receive them, and this is an on-the-spot counterfeit detection guide.”

Gibson said the application works by choosing the denomination the individual intends to examine “and it not only shows you where the security features are on that note, but also how they work.

“So if you're looking at the BDS$100 note, you can select the hologram and it will show you it changing colour. With this app you know exactly what you should be looking for on your notes.”

The new app was created in collaboration with Barbados' banknote printer, De La Rue, which also helped produce Bank of England's currency app. Several other international central banks, including Switzerland's, Pakistan's and Australia's have also introduced similar apps.

“This is only the latest resource available in our fight against counterfeiting. We continue to have a wealth of information on our website, we still have printed materials available free of charge for those who want them, and we also offer free training sessions to companies and groups upon request,” Gibson said.

“What's unique about this is the convenience. I encourage everyone to download the app and to use it to protect themselves,” she added.


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