The Codiac Regional RCMP are warning business owners and the public of counterfeit Canadian $50 bills.

Since March 5, police have received eight reports relating to counterfeit Canadian bills. The $50 bills were passed to restaurants and convenience stores in Moncton and Dieppe.

Police are advising local merchants and the public to carefully examine $50 Canadian bills with the serial number LGQ03229158, as some of the counterfeit bills may still be in circulation.

It is an offence to recirculate a counterfeit bill. If you come into contact with what you believe is counterfeit currency, report it to police. You can find more information on security features on Canadian currency that can help distinguish a legitimate bill, as well as other advice for consumers and businesses, on the Bank of Canada website.

Anyone with information about these counterfeit bills is asked to contact the Codiac Regional RCMP at 506-857-2400. Should you wish to remain anonymous, please contact Crime Stoppers toll free at 1-800-222-TIPS (8477 or by Secure Web Tips at www.crimenb.ca.