||Central Bank Of Barbados
The Central Bank of Barbados has become the
first central bank in the region to introduce a currency app. The mobile app, which
is called “Barbadian Banknotes: Are Yours Real?” and can be downloaded free
from Google Play or iTunes, is part of the organisation’s ongoing efforts to
“With this app, Barbadians have the information they need to
authenticate their money right at their fingertips,” said Octavia Gibson,
Deputy Director, Currency, at the Central Bank. “We’ve always stressed the
importance of checking your notes as soon as you receive them, and this is an
on the spot counterfeit detection guide.”
Gibson went on to explain how the app works. “You choose the
denomination you want to look at and it not only shows you where the security
features are on that note but also how they work. So if you’re looking at the
$100 note, you can select the hologram and it will show you it changing colour.
With this app you know exactly what you should be looking for on your notes.”
The new app was created in collaboration with Barbados’
banknote printer, De La Rue, which also helped produce Bank of England’s currency
app. Several other international central banks, including Switzerland’s,
Pakistan’s and Australia’s have also introduced similar apps.
“This is only the latest resource available in our fight
against counterfeiting. We continue to have a wealth of information on our website, we still have printed materials available free of charge for those who
want them, and we also offer free training sessions to companies and groups
upon request,” reiterated Gibson. “What’s unique about this is the convenience.
I encourage everyone to download the app and to use it to protect themselves.”