Police warned yesterday that fake $50 Bermuda banknotes are in circulation.

A police spokesman said ten of the fakes had been seized by police in the past ten days.

He added: “Employees are once again advised that if counterfeit cash is detected during a transaction, the member of staff receiving the fake money should hold on to it, note the description of the individual who tendered it and contact police immediately.

“Similarly, members of the public should take a few seconds to examine any money they may receive, especially the larger denominations.”

The counterfeit notes have the serial numbers A1402579 and A1361701.

The spokesman said anyone who has been given a fake banknote should contact police.

Anyone with information should also contact police or the anonymous Crime Stoppers hotline at 800-8477.

It is a criminal offence to pass, possess, make or reproduce any counterfeit currency, punishable with up to five years in prison.