Counterfeit

Czech National Bank Counterfeit Cash App

A new phone app has been unveiled by the Czech National Bank Counterfeit Cash App which it says will help consumers identify counterfeit money, using detailed photographs and descriptions of all valid versions of Czech banknotes and coins. The Czechs see value in protecting their traditional currency, the koruna as the Euro is coming under criticism throughout Europe; Jim Drury reports.

Money and its history dates back thousands of years.  With advanced technology the Czech National Bank has developed a new phone app helps people check the legitimacy of Czech banknotes and coins.

The Czech National Bank spokesman Marek Petrus said “The application allows you to view bank notes and coins of the Czech currency in detail on their mobile devices. They can familiarise themselves with the protective elements of various bank notes and they can also compare the banknotes they have in their own pocket.”

The app can tell if the security features of each individual koruna banknotes are legitimate by using the camera on an iPhone, iPod, or iPad. The app is free to download and is available in Czech and English, includes detailed photographs and descriptions of all valid Czech banknotes and coins.

“One can use the so called ‘look through’ feature and see how the various bank notes should look like,” said Petrus while using the new app on the iPad.

The Czech National Bank hopes that cash will remain king, by having others around the world copying this innovative idea. The internal backlight on the iPhone accelerometer which detects the device tilting allows the user to examine the notes in detail.

SOURCES:

The Globe and Mail Video: ‘Czech Bank app checks for counterfeit cash’

Reuters: ‘Czech Bank app checks for counterfeit cash’

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