Police have warned the public that fake US $50 banknotes are in circulation.

A police spokesman said that one of the notes was tendered at the A1 grocery store on Valley Road, Paget on Saturday night.

The counterfeit cash was spotted and kept by the store manager, who alerted police.

No arrests have been made in connection with the incident.

The police spokesman said: “Employees are reminded that if counterfeit cash is detected during a transaction, the member of staff receiving the fake money should hold on to it, jot down a 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 note had the serial number 33294841A.

Anyone who has been given a fake banknote should contact police on 295-0011. Anyone with information that could help the inquiry should also contact police or the confidential and anonymous Crime Stoppers hotline on 800-8477.