Before Chief Magistrate Priya Sewnarine-Beharry, Joshua Adams of 63 North East Sophia, Greater Georgetown, pleaded guilty to both charges.
The first charge alleged that on Friday, September 5 at South Ruimveldt, Georgetown, without lawful authority he had in his possession one forged US$100 bill, number HB18068205D.
The other charge stated that on the same at South Ruimveldt, Georgetown, he uttered to Mariska Adams one forged US$100 bill, number HB18068205D, knowing same to be false.
He told the Court he obtained the money from his uncle and later explained that at the time he did not know that the currency was fake and a not guilty plead was recorded.
Police Prosecutor Michal Grant said facts are as charged and did not object to bail.
The defendant, with no prior conviction or pending matter, was ordered to post $25,000 on each charge and the case was put off to September 26 for statements.