Note: actual file photo of the bank counterfeit bank notes being circulated.
In a Cayman Marl Road exclusive story we are able to confirm that counterfeit CI $100 bank notes are being used with local merchants.
CMR was first alerted to this last week by a local merchant. However, there was no official report from the authorities on the matter at that time. Today, another local business informed CMR that they had also been the victims of a counterfeit note.
The business owner was extremely upset upon realizing she had been conned. She explained that the counterfeit is actually a very good one and was not picked up on until she took it to the bank. However, she did express her disappointment that no one had notified local businesses to warn them. She lamented, “if this has been happening for a week now why has there been no alert or advise to the business community who trade with cash on a daily basis.”
CMR has contacted both the Cayman Islands Monetary Authority and the RCIPS for further comment.
All businesses are encouraged to be extremely vigilant when accepting $100 bank notes.
The Cayman Islands Monetary Authority has issued a statement in which it confirmed the circulation of both $25 and $100 counterfeit bank notes. It in part states: