This tag is associated with 14 posts

South Africa Unveils Mandela Banknotes

The central bank of South Africa unveiled a new series of banknotes featuring the image of former president Nelson Mandela. “We are pleased to issue this new series of banknotes which reflects South Africa’s pride as a nation and pays tribute to a much-loved world icon,” said Reserve Bank Governor Gill Marcus. The banknotes series […]

‘Class A’ Fake Notes

Increasingly sophisticated techniques with counterfeiters are throwing up a huge challenge to authorities and money exchange houses with to forge notes with most of the security features used in real currencies, said forensic experts in Dubai. The Indian rupee has emerged as the currency of choice, overtaking the US dollar in 2011 by currency forgers, accounting for 10,700 […]

Euro Celebrates 10-Year Anniversary To Little Fanfare

January 1, 2012 marked the 10-year anniversary of the euro, a singular currency that services 17 countries throughout Europe, but there is little to celebrate. Marred by what the European Commission deemed “fiscal and macroeconomic imbalances built up over the decade,” many financial analysts say the euro is in trouble. Countries such as Ireland, Spain […]

Easy-To-Use Technology Leading To Counterfeit Bump

It used to be a highly refined skill requiring substantial training and reserved for specialized technicians, but today counterfeiting is as easy as “the push of a button” say sources from the US federal government – and this is leading to a big jump in the amount of counterfeit banknotes in circulation. The US Secret […]

Bulgarian PM Receives Award For Counterfeit Crackdown

Bulgarian Prime Minister Boyko Borisov was presented with a special award from Europol this weekend for his role in eliminating a counterfeit ring earlier this month. The counterfeiters, who were set up in a small shop near a pig farm in Central Bulgaria, possessed highly sophisticated forging equipment and were printing fake euro and US […]

UK Unveils E-Passport With New Security Features

In an effort to fight identity theft and fraud, the UK has unveiled a new electronic passport complete with heightened security features and a revamped design. Though the previous UK passport was already equipped with a radio frequency identification (RFID) chip – the device that makes an electronic passport electronic (read more here) – the […]

“Counterfeiting, A Three-Part Series.” Part 3: Modern anti-counterfeiting measures

*This article is the last in a three-part series on counterfeiting. Read the first two articles in the series: Part 1, Part 2 Anti-counterfeiting technology in and on banknotes has been evolved more over the past 30 years than it has in the entire history of money. Today’s banknotes are not just used as currency; […]

“Counterfeiting, A Three-Part Series.” Part 2: The evolution of anti-counterfeiting measures

*This article is the second in a three-part series on counterfeiting. In the world of currency, developing anti-counterfeiting measures have always followed the emergence of counterfeit banknotes and coins, and they have taken on many different forms. As seen in the previous article in this series, (read: Part 1: A History of Counterfeiting), one of […]

“Counterfeiting, A Three-Part Series.” Part 1: A history of counterfeiting

*This article is the first in a three-part series on counterfeiting. The act of counterfeiting is as old as money itself. Plaguing ancient Rome, empirical China, newborn America, and many other nations over the past 2500 years, the illegal activity came hand in hand with the creation of money. Even prior to the invention of […]

ECB: Counterfeit euros up 8 per cent

The European Central Bank (ECB) announced today that the number of fake euro banknotes seized in the last six months rose by eight per cent from the first half of the year. “In the second half of 2009 a total of 447,000 counterfeit euro banknotes were withdrawn from circulation,” an ECB statement said. Though the […]