Hashtag: #CurrencyAndCoins
Police Issue Another Counterfeit Currency Advisory
Business owners, vendors and individuals alike are being advised today [Aug 9] to be vigilant regarding the circulation of counterfeit currency with the latest incident involving a counterfeit $100 bill with the serial number D/I 019625. A police spokesperson said, “The Bermuda Police Service Financial Crime Unit are still encountering the circulation... Read more of this article
Police Warn Again About Counterfeit Currency
After a taxi driver was paid in counterfeit currency, the police have issued another warning asking people to be vigilant. A police spokesperson said: “At 8am on Sunday a complainant attended the Hamilton Police Station and reported that whilst he was driving his taxi this morning, 3 passengers paid him with what he now knows is counterfeit currency.... Read more of this article
BMA Advises Public Of New $50 Bill In Circulation
The Bermuda Monetary Authority today ]Aug 1] advised that as part of its continuous programme of enhancements, it has issued into circulation a revised $50 banknote. The new banknote, which showcases an updated Longtail bird and an A/1 prefix instead of a Bermuda onion prefix on the serial numbering, will run in circulation alongside both the $50 banknotes... Read more of this article
Police Issue Warning About Counterfeit Money
Noting that there will be a high volume of local currency in circulation over the upcoming holiday, the police have asked people to vigilant in regards to counterfeit money. A police spokesperson said: “The Bermuda Police Service Financial Crime Unit is aware of counterfeit currency presently in circulation on the island, particularly Bermuda... Read more of this article
Cup Match Money Supply Increases To $136.9M
The amount of Bermuda Dollar notes and coin in circulation over the coming holiday weekend will be $136.9M. This compares with a total of $130.8M at the same period last year, an increase of 5%. The total amount of notes and coins issued to the banks by the Bermuda Monetary Authority between July 1st and July 30th [the traditional pre-Cup Match period]... Read more of this article
Police: Increase In Counterfeit Currency
The Bermuda Police Service said there has been an increase in the number of counterfeit Bermuda notes being reported to police in the past few days. “Businesses are asked to remind their staff to be especially vigilant when accepting larger denominations, in particular the old style Bermuda $50 and $100 notes,” said a police statement. “Often... Read more of this article
Christmas: $133 Million In Circulation
The Bermuda Monetary Authority said that over $133 million in Bermuda Dollar notes and coin will be in circulation over the coming holiday weekend. The $133.1 million is an increase of 2.54%, compared to $129.7 million at the same period last year. A spokesperson said, “The total amount of notes and coins issued to the banks by the Bermuda Monetary... Read more of this article
Man Charged: Counterfeit Money
In Magistrates Court this morning [Nov.21], facing a number of charges, 25-year-old Ronico Richardson came away with a total fine of $2,350 from multiple charges; a March 2012 trial date for three charges; and the DPP withdrawing two charges. The charges covered a date spectrum from 8th October 2010 to 18th November 2011. Initially Mr Richardson pleaded... Read more of this article
Police Advisory: Counterfeit Currency
Bermuda Police have issued an advisory on counterfeit Bermuda currency that is currently being circulated. The counterfeit bills tend to be the older design large Bermuda denominations of $50 and $100. A police spokesperson said, “There continues to be a noticeable amount of counterfeit Bermuda currency currently in circulation, particularly... Read more of this article
Photos: Counterfeit Bermuda Money
The police have issued a warning on counterfeit money and have released photos of the fake currency. A police spokesperson said, “The Bermuda Police Service Financial Crime Unit is continuing to advise the public to remain vigilant regarding counterfeit currency.” Counterfeit Bermuda $50: “The counterfeit Bermuda $100 notes currently... Read more of this article
Police: Counterfeit $100 Bills Circulating
The Police have warned the public that there is counterfeit money presently in circulation on the island, particularly Bermuda $100 bills, and issued a reminder that it is a criminal offence to pass to another, possess, make or reproduce any counterfeit currency. A police spokesperson said, “The Bermuda Police Service would like to warn the public... Read more of this article
Cup Match Money Circulation: $130 Million
The Bermuda Monetary Authority said today that the amount of Bermuda Dollar notes and coins in circulation over the coming holiday weekend will be $130.8 million. This compares with a total of $141.3 million at the same period last year, a decrease of 8%. The total amount of notes and coins issued to the banks by the Bermuda Monetary Authority between... Read more of this article
Police: Counterfeit $50 Bills Circulating
The Police have warned the public that there is counterfeit money presently in circulation on the island, particularly Bermuda and U.S $50 bills, and issued a reminder that it is a criminal offence to pass to another, possess, make or reproduce any counterfeit currency. A Police spokesman said, “The Bermuda Police Service Financial Crime Unit... Read more of this article
Fitch Reaffirms Bermuda’s Rating: Outlook Stable
Bermuda’s recession-battered economy has today [Nov.22] received a cautiously optimistic prognosis from one of the world’s top ratings agencies. Fitch Ratings today affirmed Bermuda’s foreign currency Issuer Default Rating (IDR) at ‘AA+’ and its local currency IDR at ‘AAA’. The Outlooks on both ratings are... Read more of this article
2010 Cup Match: $141.3 Million In Circulation
According to the Bermuda Monetary Authority, the amount of Bermuda Dollar notes and coin in circulation over this Cup Match holiday weekend is $141.3 million. This compares with a total of $137.2 million at the same period last year, an increase of 2.9 %. The total amount of notes and coins issued to the banks by the Bermuda Monetary Authority between... Read more of this article
2010 Commemorative Cahow Coin Issued
The Bermuda Monetary Authority [BMA] released its newest commemorative coin; the Bermuda Petrel (Cahow) Coin 2010. The currency team at the BMA consulted with Dr. David Wingate, who is a wellknown local conservationist and ornithologist, on the image of the bird to be portrayed on the coin. The Bermuda Petrel, better known as the Cahow, is indigenous... Read more of this article
