Police believe some of the forged Bahamian bills could already be in circulation.
Officers discovered the $3,400 in fake bills on Tuesday around 10am.
Police seized the computers scanners, printers and chemicals used to bleach bank notes and other "preparation tools".
"One of these guys owns a printing business and it is in that business where he was producing the counterfeit bills," Assistant Commissioner of Police Reginald Ferguson told The Tribune yesterday.
Source: The Tribune