MELBOURNE: Police are warning individuals and small businesses are a number of fake $50 notes have been identified circulating throughout the greater Melbourne area.
Counterfeit notes were last located at the South Melbourne Markets where they were used to purchase cheap items such cigarettes and food.
The notes are believed to be circulating as far as Port Philip, Maroondah, Yarra Ranges, Ringwood, Croydon, Seville and Lilydale.
It has been identified the notes are used to purchase small items in order to obtain the most amount of change back in real money.
Maroondah CIU Detective Leading Senior Constable Robyn Waite have said the fake notes were made of paper, rather than plastic, but were enough to fool busy shop assistants.
“When you’re busy, you’re probably not looking at every note that comes through,’’ Sen-Constable Waite said.
“When some notes have been rejected, the offender has taken off.
“Some aren’t detected until the end of the day when they do their till count.’’
Police believe there is a large number of people involved in the counterfeiting and believe the notes may be being printed in a suburban backyard, house or garage.
Anyone with information should phone detective Leading Sen-Constable Robyn Waite or Sen-Constable Karen McIntyre at Maroondah CIU on 9871 3060 or Crime Stoppers on 1800 333 000.