The big business of fake money: The new $100 bill is the U.S. government’s latest bid to stay one step ahead of counterfeiters. How widespread is counterfeiting? At any given time, some $200 million in bogus U.S. bills is in circulation worldwide, authorities say. About $60 million of those fakes circulates through the U.S. each [...]
A month before the World Cup of soccer is set to take place in South Africa, the country’s central bank is recalling its old series of 200-rand banknotes citing a huge prevalence of counterfeits as the primary reason for its withdrawal. “This year we have seen an increased number of counterfeit notes,” said Aboobaker Ismail, [...]
The RCMP Winnipeg Commercial Crime Section said last week they have seen a dramatic increase in the number of counterfeit US $100 banknotes being passed in Edmonton and surrounding areas. The fake notes are very good quality, they reported, and contain security features that closely mimic those found in genuine notes. Though the United States [...]
For the first time in over 20 years, the Bank of Uganda (BOU) will issue a new series of banknotes. Common security features can be found on the new series such as a watermark, a colour change image and a raised effect on the surface. The notes also feature a windowed thread that changes from [...]
Bermuda’s $2 bill has been chosen by the International Banknote Society (IBNS) as the 2010 Banknote of the Year for its “interesting array of security features.” First issued by the Bermuda Monetary Authority (BMA) last year as part of the Island’s redesigned currency series, the $2 note includes such security features as: – a distinctive [...]
On Thursday, the bailiwick of Jersey (located in the Channel Islands) introduced a brand new series of banknotes that highlight the region’s unique attributes. Complete with images that chronicle key moments in the island’s history and phrases written in the native Jèrriais – a distinctive brand of French – the banknotes are the first new [...]
The new US $100 banknote is being called “the next generation one hundred” by the US Treasury Department. Along with a redesign of the bill’s graphic layout and the addition of some colour, several new security features have been added to the bill while some old ones maintain their presence. The newest, and arguably the [...]
Fortress Paper President & CEO Chad Wasilenkoff appeared live on Bloomberg Television this week to talk about the future of money. From the technological advances in security features, to the composition of a new banknote series, to the continual need for bills around the world, Wasilenkoff highlights the importance of turning paper into cash in [...]
Fortress Paper owns and operates two paper mills in Europe – the Dresden Mill and the Landqart Mill. Each with a specific task, the mills are responsible for Fortress’ output of paper products including wallpaper, banknotes, security paper, and more. This article takes a closer look at the Landqart Mill in Landqart, Switzerland. For over [...]
Security features for banknotes around the world come in various forms. From holograms, to see through windows, to covert text, banknotes are outfitted with many different high-tech elements that help prevent counterfeiting. This article details the security features specific to the Canadian $20 bill. #1 – Metallic Stripe (holographic stripe): Numbers and two-tone maple leaves [...]