December 2, 2023

The Reserve Bank of New Zealand is trying to quell an “urban myth” that causes people to deface banknotes in Christchurch.

The Reserve Bank of New Zealand issued a statement on December 20 warning people they could be breaking the law if they “scratch” banknotes in an attempt to detect counterfeit currency.

People in Christchurch have been using coins to scrape banknotes amid rumors that the print can scratch off counterfeit notes. “This is simply wrong and not one of the ways we recommend