Trust & Safety
Is this exchanging activity between two individuals legal?
Yes, it is. Please note that exchanging currencies between two individuals is legal if it happens only occasionally and not as a business activity.
How can I improve my personal security when I meet someone to exchange money?
Meet at daytime and not during the night. Meet in a busy, public place, such as, a café, bar or restaurant. Don't take more money with you only what you plan to exchange.
How can I spot a fake (counterfeit) banknote?
Before meeting someone to exchange currencies, become familiar with the security features of the requested banknotes. When checking notes, it is best not to rely on just one security feature, but to check a few of those described in the security section of our banknote library. Feel the note in your hands and look at it closely; if you have any doubts do not risk the exchange.
What are the most common security features of a banknote?
Feel of the paper - banknotes are printed on special paper that gives them their unique feel.
Print quality - the printed lines and colours on genuine notes will be detailed and sharp and free from smudges or blurred edges.
Raised print - by running your fingers across the note you can feel raised prints in specific areas.
Metallic thread - there is a metallic thread embedded in many banknotes. If you hold the note up to the light the metallic thread appears as a continuous dark line.
Watermark - when the banknote is held up to the light an image can be seen in the paper, usually a portrait similar to that printed on the note.
Holographic strip - the strip on a banknote has a number of foil patches along its length which contain alternating holographic images.
Goto the banknote library for more information.
