The Central Bank of West African States has warned that social media posts about counterfeit banknotes are promoting inappropriate verification methods. It cautioned that unvalidated authentication methods could lead users to accept counterfeit notes or wrongly reject genuine currency. The central bank urged the public to rely exclusively on its official banknote and coin guidance when checking currency. It also reserved the right to take legal action against those whose communications could undermine confidence in the currency it issues.
2026-08-21Central Bank of West African States
Central Bank of West African States warns against false banknote authentication guidance
The Central Bank of West African States warned that false social media guidance on banknote authentication could cause users to accept counterfeits or reject genuine notes. It urged reliance on its official guidance and may take legal action against communications that undermine confidence in its currency.