*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; they are [...]
Counterfeiting has never been easier. All it takes these days is a fairly inexpensive color printer, some graphic design software and a willingness to spend a few decades in jail if you get caught.
But desperate times call for desperate measures, so criminals struggling in a tough economy and savvy with advanced printing equipment have figured [...]
The average cost of replacing worn banknotes is causing some countries to think twice about re-producing them.
In October, the Bank of Russia announced that it would stop issuing 10-ruble banknotes in 2010 because they wear out quickly and are too expensive to produce.
Much like when the Canadian Toonie was introduced in 1996, a [...]
Think of all the wear and tear your bills go through. In and out of pockets, wallets, vending machines, exchanging hands countless times before the final blow is dealt via a rip in the paper or a trip through the washing machine. Including a blend of polymer in the banknote paper allows banknotes to last [...]