Security Technology
Bank Indonesia Increases Banknote Security Features
In order to combat counterfeiting, Bank Indonesia (BI) announced this week that it would be upgrading the security features on its banknotes beginning in October. Using a technique called “rainbow printing,” the new banknotes issued by BI are made by using several colours on a single plate that results in a natural blending of the [...]
BSP Launches Campaign To Detect Bogus Bills
When a country redesigns their banknotes to update the series or enhance their security features, part of the process typically includes finding ways to inform the public of coming changes. From posters, to commercials, to online videos, central banks take on the responsibility of educating currency users of coming changes. The Bangko Sentral ng Pilipinas [...]
Nanaimo Stores See Influx of Counterfeit $100 Bills
Several months before the Bank of Canada introduces a new polymer $100 banknote into circulation, the town of Nanaimo, British Columbia is noticing an influx of fake $100 bills being used at local businesses. Modeled after the current cotton-paper blend banknote, the fakes have been making their way to gas stations, video stores, taxi companies [...]
NEW FEATURES: Laser Surface Authentication
This article is part of a continuing series that looks at security features in development for the security paper industry. Modern day banknotes are equipped with a plethora of high tech security features to prevent illegal counterfeiting. From see through windows to 3D holograms, and from microprinting to watermarks, security features not only prevent fakes [...]
Gibraltar Issues New £5, £20 and £100 Banknotes
The British territory of Gibraltar issued new £5 and £20 banknotes this month, and – for the first time ever – the country has introduced £100 banknotes into circulation. The new notes were part of a series introduced in two phases. The first new notes – the £10 and the £50 – were issued in [...]
India To Increase Security Features on Banknotes
In an effort to reduce counterfeiting throughout the country, the government of India announced this week that they would be increasing security features on their banknotes beginning this summer. Indian Finance Minister Pranab Mukherjee said in an announcement Monday that counterfeiting had become “a matter of great concern” for the country, thus the need to [...]
Famous Swedes Will Grace New Banknotes
A new Swedish banknote series is embracing the “out with the old, in with the new” adage. Nineteenth century singer Jenny Lind, and famed scientist Carl Linnaeus will be among those making way for more contemporary celebrities such as Swedish poet Evert Taube and Hollywood icon Greta Garbo. Other personalities to be featured on [...]
Cayman Islands Introduces New Banknote Series
For the first time since introducing a local currency nearly 40 years ago, the Cayman Islands Monetary Authority (CIMA) is introducing a complete redesign of the region’s banknotes. All six denominations – the $1, $5, $10, $25, $50, and $100 banknotes – have been redesigned. Each bill now carries new images, new patterns and, in [...]
Public Urged to Pay Closer Attention After Counterfeit Seizure in Australia
After a seizure totaling nearly half a million dollars worth of fake banknotes this week, the Australian police are telling people to pay closer attention to their cash. “The notes are a very high quality,” Australian Federal Police (AFP) commander David Steward told the Sydney Morning Herald. “I do want to just encourage people to [...]
Retailers Increase Counterfeit Training For Black Friday
With Black Friday around the corner, retailers in New York state are being offered increased training in the detection of counterfeit money. Considered to be the official kick-off to the American holiday season and one of the busiest shopping days of the year, law enforcement officials say it is also a peak time for counterfeit [...]
