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BOJ launches counterfeit banknote detection campaign

The Bank of Jamaica has launched a public education campaign to sensitize users and financial institutions on how to detect counterfeit polymer banknotes.
 
The new notes came into circulation back in June. 
 
No reports of imitation banknotes have been received so far. 
 
The counterfeit campaign comes as banking institutions are retrofitting their machines to accept and dispense the polymers.
 
National Commercial Bank said last week that it has now achieved 100 percent transformation of its intelligent ABMs to accept polymer deposits and dispense cash, encompassing 141 machines.
 
The country's largest commercial bank now has an ABM network of 298 machines of which 157 are regular cash dispensers.


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