Aussies have been warned to check their cash after businesses at two tourist hotspots reported fake $50 notes to police. 

The counterfeit notes were handed to shops in Merimbula and Eden on the NSW South Coast on Wednesday.

Both towns have had an influx of domestic and international visitors over the Christmas and New Year period.  

NSW Police arrived to inspect the cash and found the transparent panel on the notes was faulty. 

Officers are now trying to trace the source of the notes, a police spokesperson said. 

It comes after police issued a separate warning in August over fake bank notes circulating in Tasmania. 

Counterfeit $100 notes were found in Hobart and neighbouring suburbs Glenorchy and Bellerive. 

But the notes had several key details that could be easily spotted, including a black plastic window, rather than a clear one.  

NSW Police arrived to inspect the cash and found the transparent panel on the notes was faulty, sparking an investigation

How to spot a fake bank note 

Feel the note – a genuine note is printed on special plastic polymer and is difficult to tear.

Hold the note to the light and look for the Australian Coat of Arms. This is generally located to the left of the clear window, or denomination numeral when looking at the front of the note.

Feel for slightly raised printing on the main design of the note.

Look for the seven-pointed star inside a circle.

Compare the background printing – look for any distortions or less clearly defined patterns.

Check that the note has a clear window and that it has a clear printed image: $50 has the Southern Cross and the $100 has the lyrebird.

If possible, look under a UV light to locate the serial numbers.

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