Police warning on fake £50 notes

Police have warned that fake sterling £50 notes are circulating in Gibraltar.

Four people - two British men resident in Gibraltar and two Spanish nationals - were arrested in recent days trying to use the counterfeit notes.

"A total of six reports of 'Passing a Counterfeit Currency' have been received, with a total of eight notes detected and seized," the Royal Gibraltar Police said in a statement.

All the notes were Bank of England £50 denomination and bore the serial No: AH66 449134.

The notes are not good fakes and the paper they are printed on is not texture and is of significantly poorer quality than a genuine note.

Additionally the counterfeit notes lack a magnetic strip.

A practical guide to checking UK banknotes can be viewed/downloaded at: http://www.bankofengland.co.uk/banknotes/documents/kyb_lo_res.pdf