Police seized 3,396 fake notes of various denominations between January and April.
The Hong Kong police have warned the public about counterfeit banknotes amid a sharp rise in fake currency changing hands in the city from January to April 2024.
Other counterfeit notes included 404 HK$100 notes, five HK$50 notes, four HK$20 notes and 11 HK$10 notes. Hong Kong currency is also printed with a strong embossed feel, as compared with fake notes, which have smooth surfaces.Singapore and HK police join forces to produce ‘Honey Money’ anti-scam video
Citing the Monetary Authority, the publication said there were HK$614 billion in notes and coins in circulation as at March. SCMP reported that fraudsters have used training notes to swindle people in transactions related to cryptocurrency in recent years.
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