After being apprehended by police, they found on him a total of K3,700 fake money.
The suspect, who was on parole at the time of his arrest, told police the money was brought to Lae from Port Moresby.
He has been charged and is awaiting trial.
Lae’s Metropolitan Superintendent Commander Anthony Wagambie Jnr said fake bank notes look real and can be mistaken when being used to pay for goods and services during rush hour.
He said those notes have been printed on paper and do not have some of the security features possessed by real K100 notes.
