SBV strengthens counterfeiting measures

The State Bank of Viet Nam (SBV) has approved a project to prevent the circulation of counterfeit money.

The VND10 billion (US$500,000) two-phase project will also help to raise awareness among the public about security features on bank notes and how to identify counterfeit money.

In the first phase from 2010 t0 2012, the project will focus on training banking staff, producing documents on the issue and conducting surveys.

In the second phase from 2013 to 2015, the project will provide further training to banking staff as well as treasury accountants and cashiers.

The project will also be broadcast through the mass media, with instructions on what to do if someone passes fake money and the methods counterfeit money dealers use to help prevent circulation in banks and the market.

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