The Retail Council of Canada is sounding the alarm about the significant increase in circulation of fake $20, $50, and $100 bills since November.
The association reports that it has detected more counterfeit bills in one month than in the entire previous year.
Counterfeiters have refined their techniques to such an extent that it has become nearly impossible to detect these counterfeit bills, even for a trained eye, says Michel Rochette, president of the RCC’s Quebec division.
“We have seen a recent resurgence of very high-quality bills. They are extremely credible; you can’t tell them apart from the real thing. The hologram is really well done. This means that, as we have been saying for a long time, we are facing increasingly structured and organized criminals,“ he says….