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Lao Central Bank Warns Public of Fake Banknotes

Source: The Star

The Lao central bank, the Bank of the Lao PDR (BOL), has warned the public to be aware of the circulation of counterfeit banknotes, reported Xinhua.

The BOL issued a notice urging the public to be cautious against fake notes after the distribution of counterfeit 50,000-kip notes of the 2004 edition was detected in the northern part of Laos, Lao national TV report on Tuesday (April 30).

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The BOL also asked the public to provide further information if any suspicious cases are found. People can report the detection of forged notes at various commercial banks nationwide.

The central bank is cooperating with the relevant authorities to quickly implement measures as defined in the laws of Laos to take action against the group of people creating chaos and breaking the law by circulating counterfeit notes.