Fake Dollars in Ukraine: NBU Warns of Rise in Counterfeits.

According to inkorr.com: The National Bank of Ukraine reports an increase in the number of counterfeit U.S. dollars in the Ukrainian market over the first six months of this year. According to the NBU, currently, 3.4 fake banknotes are detected for every one million genuine dollars in circulation.

Although the counterfeit rate has risen compared to previous periods, 100-dollar bills remain the most vulnerable. Criminals are focusing on 100-dollar notes, making their exchange complicated due to the increased risk.

How to Identify a Genuine Dollar

In circulation, there are two types of 100-dollar bills: those issued before 2013 and newer ones equipped with various security technologies. To check the authenticity of the banknote, pay attention to the following signs:

• Watermark
• Holographic security strip
• "Bell in the inkpot" effect
• High-quality paper with relief printing
• Microprinting around the perimeter of the bill

It is also worth noting that the decline of the dollar's share in global reserve currencies to a 30-year low raises concerns. However, experts emphasize that this is mainly due to exchange rate fluctuations and not a massive sale of U.S. currency. Holding savings in dollars in Ukraine remains safe, and it is predicted that the exchange rate could reach 42 hryvnias by the end of the year.

The Ukrainian market is facing difficulties due to the increase in the number of fake dollars, especially 100-dollar bills. The National Bank emphasizes the importance of vigilance during currency exchange and recommends following the characteristics mentioned to identify genuine money.

The rise in counterfeit dollars is a serious problem for Ukraine's economy. With the increasing number of fake banknotes, the risk of lost funds for the population grows. Therefore, following the advice of the National Bank, citizens can minimize the risks during currency exchange, keeping their savings secure.