Poor quality fake British £50 being passed in Gibraltar

Chris Salmon, the Bank of England's chief cashier introducing the new £50 note in 2011.

THERE have been a small number of fake British £50 notes found in Gibraltar in the last two weeks according to reports issued by the Royal Gibraltar Police.

With less than 10 notes seized and four people arrested, it is clear that this is unlikely to be a major attack on the economy, but it is important that people are aware of the circulation of these fakes, and it should be reasonably easy to spot them as they all have the same serial number which is AH66 449134.

The actual printing is not textured or raised, as it would be if genuine, the paper is of poor quality, and the magnetic strip which is supposed to run through the note is much fainter than in an original.

So far, two Spanish residents and two British residents of Gibraltar have been arrested on suspicion of knowingly ‘uttering’ these notes and investigations continue.

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