Mohale FM The Central Bank of Lesotho (CBL) has raised concern over the circulation of counterfeit banknotes that have been detected in some parts of the country, warning the public to remain vigilant and familiarize themselves with the security features of the new currency.
The Chief Corporate Communications at the Central Bank of Lesotho, Mr. Ephraim Moremoholo has said the bank is intensifying public awareness campaigns to curb the spread of counterfeit notes and protect consumers from financial loss.
Mr. Moremoholo said that the Central Bank continues to educate the public on how to identify genuine banknotes, noting that extensive awareness programmes are already underway through various media platforms. He explained that the new banknotes were designed with advanced security features that make them difficult to counterfeit, adding that public knowledge remains a key line of defence against the circulation of fake currency.
Moreover, Mr. Moremoholo encouraged the public to carefully check banknotes during transactions, especially in cash based businesses, public transport operations and informal trading spaces where counterfeit notes are often introduced.
He further urged individuals and businesses who suspect that they have received counterfeit money to immediately report the matter to the nearest police station or the Central Bank, rather than attempting to pass the notes on to others.
