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Fake Banknotes Flood Bangkok As Recession Grips


70 replies to this topic

#51 notime

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Posted 2008-12-23 20:03:28

View PostThaibloke, on 2008-12-23 09:10:45, said:

They didn't last as long as expected. Was a good idea on paper though.

Really? All Australian notes are plastic and they seem to work fine. Very handy if you leave notes in your pocket and put it through the laundry.

Quote



plastic notes come from australia they stopped using them because they cost more , at least you can't copy them  


Very wrong! Plastic notes can be forged as well.

I came back from few weeks in Vietnam recently and received a false 50 000 Dong note (about 100 THB) that was PLASTIC. I couldn't understand why few vendors refused to accept it from me since they didn't seem very puzzled. I though it was because the note looked a bit worned out and had few little cuts at the top of it. I finally decided to go to the bank and exchange it for a new note. To my surprise the bank refused to do so and explained to me that the note was a fake. The were not surprised at all to see it and didn't call police or anything. Apparently there are many of them in Vietnam, everybody checks for them. The banker said the source of these notes was CHINA. It's true what they say than .. China is very high-tech these days ;-)

Probably the only reason they didn't hit the Aussie market with the fake $50's is the Gestapo-like Custom's on the way in .. another example that the brute force works

#52 Heng

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Posted 2008-12-23 20:31:23

View Poststumonster, on 2008-12-22 11:39:10, said:

are you seeing any increase in the numbers of fakes around , Heng ?

or any stories you have heard from your circle of friends ?

I'm hearing about it more, and certainly seeing people checking for fakes more, but other than the few scenes I see at the bank from time to time, I'm not personally seeing more fakes.  Most of my revenues are bank transfers, not really cash intensive.

:o

#53 Heng

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Posted 2008-12-23 20:33:47

View PostThaibloke, on 2008-12-23 10:31:07, said:

View PostHeng, on 2008-12-22 10:42:09, said:

They didn't last as long as expected. Was a good idea on paper though.

:o


http://www.rba.gov.a..._notes.html#top


they last 4 times longer than paper

Be that as it may, that was the reason given on the news and by the average frontline bank tellers when they came out with the paper version (again) after the plastic ones.  

:D

#54 meelousee

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Posted 2008-12-23 20:39:05

Just a warning for all. two hours ago I had one of the fake notes in my hand. It was very good and unless you are aware of the fake ones going around you might miss it. :D

Folks PAY ATTENTION to the money you get even at the ATM, that is where this one came from, receipt in hand and security camera rolling I got my money without hassel. :D

It could have been a loss. :D

WATCH OUT!   :o

#55 syd barrett

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Posted 2008-12-23 21:05:03

I think that it would be wisest to make ATM withdrawals of 900 Baht until this forgery business blows over later next year!

#56 soundman

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Posted 2008-12-23 21:36:57

Merchants not wrong if reject banknotes

By: BangkokPost.com Published: 23/12/2008 at 01:33 PM Deputy police chief Jongrak Chuthanont on Tuesday said there are no laws in Thailand that prohibit vendors from refusing to accept 1,000 baht banknotes.

Many traders feared that banknotes, particularly 1,000 baht banknotes, could be counterfeit and they declined to accept them.

Pol Gen Jongrak said police cannot take legal action against merchants since there are no laws requiring them to accept banknotes from buyers.

He expressed worry about motorists using fake banknotes to pay for toll charges because toll operators have little time to inspect them.


Story continued here.

#57 bulmercke

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Posted 2008-12-23 23:45:45

View Postsoundman, on 2008-12-23 14:56:34, said:

Counterfeit banknotes creating alarm


By: POST REPORTERS Published: 23/12/2008 at 12:00 AM The public can bring charges against shops that refuse to accept 1,000 baht banknotes for fear they might be counterfeit, police say.



Deputy Metropolitan Police chief Pol Maj-Gen Amnuay Nimmano said yesterday people who are issued counterfeit notes by ATMs can also file charges against banks with police.

Banknote forgers would be liable to life imprisonment and people who knowingly pass fake notes face one to 15 years in jail, he said.

The police chief spoke out after reports that many vendors were refusing to accept 1,000 baht banknotes from customers and that people were choosing to withdraw less than 1,000 baht from ATMs at each transaction, to avoid receiving 1,000 baht banknotes.

Posted ImageTwatchai Yongkittikul, secretary-general of the Thai Bankers Association (TBA), said the public should not panic about fake notes.

Continued here.

I have just one 1000 baht note in my possession and - yes - the water mark of His Majesty the King is clearly visible and the samll 1000 embedded in the silver strip is also present - BUT - the font typed in curved lines absolutely cannot be felt with the finger tip and the other two identifying features that should change colour when folded don't appear to do so OT it's difficult for me to distinguish whether they change colour or not when folded - AND the concealed number in the left hand corner is also not visible under a strong light -  

Is this a fake note?

And if it is - do some of these fake notes have some of these identifying featues already embedded in them?

What percentage of Thai 1000 baht notes in circulation are fake?

0.0001% OR less

0.001%

0.01%

0.1%

OR worse

Edited by bulmercke, 2008-12-23 23:48:01.


#58 bulmercke

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Posted 2008-12-23 23:56:06

View Postmeelousee, on 2008-12-23 20:39:05, said:

Just a warning for all. two hours ago I had one of the fake notes in my hand. It was very good and unless you are aware of the fake ones going around you might miss it. :D

Folks PAY ATTENTION to the money you get even at the ATM, that is where this one came from, receipt in hand and security camera rolling I got my money without hassel. :D

It could have been a loss. :D

WATCH OUT!   :o

Meelousee - how did you know it was fake?

You mentitioned that it was 'very good'.

What tipped you off?

#59 ray23

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Posted 2008-12-24 07:14:04

I Had nine of them checked the folding method none turned to green. However if you change the angle to the light they do. Turns to a complrete solid color. Thay also said that I folded it on TV last night two orchard halves will changed into one solid orchard again nothing.

I need to go get them changed to smaller notes got a ride Sunday don't want to be in the middle of nowhere and no one take my money when I need fuel. I'm sure the bank will check a few for me and I will try to get them to explain to me again

#60 cali4995

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Posted 2008-12-24 07:28:30

That is the other issue. Much like the "hot-potato-game" the last player left
holding a bad note when the music stops essentially loses. :o Seriously,
As Soundman has generously provided us with the Bank of Thailand's pages
specifying all the security features and they have now been giving out little
pamphlets for those who don't have access to the net. Fake notes won't have
all or most of the features, I suspect lacking the majority of them. It is kind of
funny though? If I went to the currency exchange and passed a bad 100$ note,
you can be sure the police would be called. So why different with Thai money?

#61 ray23

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Posted 2008-12-24 10:07:25

What and cause a Thai to lose face TT ( Tis Thailand )

#62 somluck

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Posted 2008-12-24 12:29:16

imho plastic notes are the most difficult to counterfeit.

#63 ray23

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Posted 2008-12-24 12:32:31

Well got a few of the 1K baht notes changed at the bank. Wife did it the lady lauhged at her asking if she was afraid. Guess she doen't read the news. Anyway the method the wife was told was watch the metal strip in the note.

They did not give her the number of 100's I asked for. Said she didn't have them what a crock.

My real concern was fule out in booneies, maybe they read the news maybe they don't. But safier to have the smaller notes and not be walking

#64 cali4995

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Posted 2008-12-25 05:34:16

If the bank receives any of these bad notes they really should be stamped immediately with a big, red
"VOID" and taken out of circulation? Simply giving them back to customers to be passed-on to the next
unsuspecting soul doesn't seem like a solution? Only taking advantage of the unaware?

#65 ray23

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Posted 2008-12-25 10:03:04

Have you seen anything that says they are not doing something similiar to that?

I have assumed the note would be siezed and you would have just lost 1K baht

#66 cali4995

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Posted 2008-12-25 21:35:57

On the thai news tonight the police had a little press conference and they showed a bad note
which had been stamped by the bank. " ปลอม "= "bplaum"a four letter thai word about 1cm high.
Another poster had said he was in the bank and witnessed them being returned (the fake notes).
I'm sure thais know this word means "fake" but the average farang doesn't and you have to
admit, banks often are stamping the notes with "paid" and people are writing on them etc.
Anywhere else besides the bank, i'd guess they're just being politely handed back to customer? :o

#67 soundman

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Posted 2008-12-26 07:26:12

View Postbulmercke, on 2008-12-23 23:45:45, said:

I have just one 1000 baht note in my possession and - yes - the water mark of His Majesty the King is clearly visible and the samll 1000 embedded in the silver strip is also present - BUT - the font typed in curved lines absolutely cannot be felt with the finger tip and the other two identifying features that should change colour when folded don't appear to do so OT it's difficult for me to distinguish whether they change colour or not when folded - AND the concealed number in the left hand corner is also not visible under a strong light -

Is this a fake note?

And if it is - do some of these fake notes have some of these identifying featues already embedded in them?

What percentage of Thai 1000 baht notes in circulation are fake?

0.0001% OR less

0.001%

0.01%

0.1%

OR worse

Quote

The Bank of Thailand promptly brushed aside the possibility, citing that it was unnecessary, given the low rate of forgery, 5-to-7 notes per million compared to 70-to-100 for the US dollar.


Nation.

#68 cali4995

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Posted 2008-12-28 08:41:10

They've apparently caught some of the counterfeiters already. There was a news segment and they had
been loading a large printing machine (seriously large) into a truck I think in Korat. Reams of the "paper"
used and various fluids/chemicals. Another group was caught with 40 bad notes in possession. I see now
even at the 7-11 they are using one of those special markers to draw a line on all large notes taken. :o

#69 guava

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Posted 2009-01-11 12:31:25

I bought cigarettes from the 7-11 with a 1000 baht note.  They gave me back a 900 baht and a 30 baht note. Turns out the cigarettes were counterfeit.  That's just taking the p-ss now surely...

#70 soundman

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Posted 2009-01-12 08:28:12

View Postguava, on 2009-01-11 12:31:25, said:

I bought cigarettes from the 7-11 with a 1000 baht note. They gave me back a 900 baht and a 30 baht note. Turns out the cigarettes were counterfeit. That's just taking the p-ss now surely...

A 30B note is definately taking the piss. :o

#71 guava

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Posted 2009-01-12 12:01:59

View Postsoundman, on 2009-01-12 08:28:12, said:

View Postguava, on 2009-01-11 12:31:25, said:

I bought cigarettes from the 7-11 with a 1000 baht note. They gave me back a 900 baht and a 30 baht note. Turns out the cigarettes were counterfeit. That's just taking the p-ss now surely...

A 30B note is definately taking the piss. :D
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO :o



 


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