Counterfeit currency is defined as an imitation currency produced without the legal sanction of the government; and someone is passing it around our area again.

Jim ChisholmJim Chisholm- VP of Chinook FinancialWith Canadian bills being a polymer plastic, it can be very difficult to obtain a counterfeit. But there are still paperback Canadian bills in circulation.

"From a counterfeit activities standpoint, they go in cycles; they go around communities," advises Jim Chisholm, VP of Chinook Financial  "In the experience that I have seen in my 35 years, they come in waves and cycles where communities are impacted. These individualstarget communities where they believe complacency has set in for sound business practices in identifying counterfeit bills"

On March 8, Hanna RCMP had an issue with a counterfeit American $20 bill. A man described as a 6 foot white male with a black hat and sunglasses made a purchase at a gas station in Hanna. He inquired about buying phone cards and gifts cards, a common practice for counterfeiters, which gives the fake money real value.

Counterfeit guy 2

"He had gone into a local business and passed on a poor quality $20 American bill," reported Cpl. Trent Sperlie of the Hanna RCMP. "The employee at the gas station called us right away and as soon as we got there, we confirmed that it was counterfeit."

He says It effects Canadians in a multitude of ways: for example, if you are in possession of a counterfeit bill, knowingly or not, you will not receive a reimbursement. 

Bills make up 40 per cent of all annual transactions made by Canadians each year.  In 2007 The Bank of Canada reported that $141,502 was counterfeit. After our bills went from paper to polymer in 2011, a decrease of 73% in counterfeit bills was reported in 2016.

More Local News

UPDATE 11 Avenue SE Blocked Off By RCMP

UPDATE; The bomb squad from Edmonton attended the scene, inspected the suspicious item and deemed it not to be explosive. Residents will be allowed back into the building later this evening. On…

Local Teacher Reflects on Notre Dame Fire

Many Canadians woke up on Monday morning to the news of the famous Notre Dame Cathedral in Paris, France was engulfed in flames. While the flames were miles away, the impact was still felt in the…

Morrin School Announces Hockey Program

On Tuesday, Morrin School Principal, Don Yavis, announced a new option for the junior high students where they will be able to learn about and participate in hockey.

Horner Dominates in Drumheller-Stettler

The people of the Drumheller-Stettler riding have had their voices heard with the Provincial Election last night and their voices selected Nathan Horner as their future MLA.

Nathan Horner Wins Drumheller-Stettler Riding

UCP candidate Nathan Horner has won the Drumheller-Stettler riding with a landslide of majority votes. With 96 polls reporting out of 102, Horner leads his closest rival, Independent Candidate Rick…

LIVE Coverage - 2019 Alberta Election

LISTEN LIVE to our 2019 Provincial Election coverage for the Drumheller-Stettler and Olds-Didsbury-Three Hills riding with Jason Blanke, Allie Ruckman and special guest Heather Colberg (Mayor - Town…

DrumhellerOnline.com is Drumheller's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login