Would you be able to tell if a $5 bill was being held together by sticky tape and tin foil? CTV reports that a cunning counterfeiting trend called “splice and tape” is affecting Canadians, with no clear geographical pattern. Police say the clear panel with two embedded holographic strips to the side of the bill is being removed and replaced with tape. The holograms are then substituted with tinfoil. The theory of investigators is that the real $5 clear panels are being used to generate higher-denomination fake bills, and the foil/tape patched up $5 bills are recirculated. Sir Wilfrid Laurier, of course, appears in the hologram toward the top of the $5 clear panel along with the Mackenzie Tower. The $20 bill clear strip hosts a hologram of Queen Elizabeth II at the top with the Peace Tower below… And weren’t we told these bills couldn’t be counterfeited?
(Source: Iman Sheikh,Yahoo Finance Canada/ctvnews,ca; Image Courtesy of ctvnews.ca)