THE MODERN METHODS OF CURRENCY VERIFICATION
|
|
- Calvin Rice
- 5 years ago
- Views:
Transcription
1 THE MODERN METHODS OF CURRENCY VERIFICATION Ladies and Gentlemen. Let me introduce myself and our company. The Systema LLC is the leading manufacturer and the supplier of the banking equipment in all ex-soviet republics and now we are extending our activity to many international markets. We produce different types of cash handling equipment, but today I would like to state our point of view on principles and methods of cash verification. I. Standard Verification of Security Features. Most of national banks and other authorities supervising the cash flow advise to check banknotes up to the following features: 1. Watermark 2. Protective fibers 3. Security thread 4. The code on the security thread 5. Metallic ink 6. Latent image 7. Microprinting 8. Corresponding designs 9. Images with variable colour. There is no doubt that the above mentioned protective features enable to distinguish counterfeited banknotes from the genuine ones. But not always. According to the report of Central Bank of Russia the proportion of the of the counterfeited features is as follows: 1. Watermark - in 95 % of cases. 2. Protective fibers - in 95 % of cases. 3. Security thread - in 75 % of cases. 4. The text on the security thread - in 87 % of cases. 5. Microprinting - in 70 % of cases. These features were forged generally on the most popular banknotes among the counterfeiters: (50 Euro in Europe, 20$ in the USA, 500 roubles in Russia). Let me emphasize that it takes too much time for the verification of the recommended protective features: 1. Watermark - 8 seconds 2. Microprinting seconds 3. Color protective fibers seconds 4. Security thread seconds. So, the visual verification of a banknote takes about 40 seconds even if we check up only a few from the recommended ways of protection. In some situations it is completely unacceptable. To say more, such a long verification procedure does not provide 100% guarantee
2 that the examined banknote is genuine. The point is that the elements recommended for checking are practically always counterfeited. II. Deviations In The Statistics Of The Registered Counterfeited Banknotes I would like to pay your attention to one peculiar issue - the deviation in the official statistics of the registered counterfeited banknotes. In many countries of the world it is possible to see not conterminous figures of false banknotes registered by official authorities. For example, according to the statistics specified at the 3 rd International Conference Security Printing in St Petersburg the Central Bank of the Russian Federation registered false banknotes meanwhile the experts of the Criminal Expertise Center of the Ministry of Internal Affairs of the Russian Federation announced counterfeits traced during the same period of time. It might seem strange, but both figures were correct. The Central Bank reported about the number of forgeries detected by their own means directly during the process of money circulation. The Criminal Expertise Center of the Ministry of Internal Affairs (CES of MIA) meant the forgeries traced by their own sources. Besides there are some other state services in Russia responsible for counterfeit protection but the number of the counterfeited banknotes traced by them was not included to the statistics neither of the Central Bank nor of CES of MIA. The amount of the forgeries detected by all responsible organizations in total proves to be much higher. The Banknotes Life Cycle diagram demonstrates that the reality is not that festive. 1 y e a r 2 ART WORK PRINTIG WORKS NATIONAL BANK SECURITY FEATURES 6 MONTHS RETAIL BANKS 1 WEEK PUBLIC 1 DAY BUSINESS Thus having spent 1 or 2 years on development of design of the banknotes and the printing process the National bank releases the banknotes. Around six months later the National Bank (NB) gets the banknotes back. Now the Bank is able to check its money after being in
3 circulation. Generally national banks are equipped adequately to check up and reveal forgeries in mass quantities. The period of cash circulation between commercial banks and business companies and the public is much shorter - about 1 week. This period looks to be the best stage to trace a forgery. Some commercial banks pay much attention to the problem of counterfeit protection and they have all relevant high quality equipment. But the attitude of some other banks to this problem as well as their equipment leaves much to be desired. Such banks do not understand, that tracking of monetary circulation is one of the functions of any financial institution, therefore they replace responsibility for the counterfeit control to cashiers equipping their working places only with the calculator. The Banknotes Life Cycle diagram indicates that the false banknote may take part in a cash circulation up to 180 times within 1 year period until it is revealed by the experts of national bank. Approximate calculation shows that one fake banknote of 50 Euros denomination may cause the damage for the economy of the country for the amount of 9000 Euros within its circulation period. In most reports on the tracking of false banknotes the damage is estimated by summing up the values of the fake banknotes instead of multiplying these values on the number of circles of the counterfeits. III. The Methods Of Currency Verification The next issue at which we would like to pay your attention is the methods of printing of the banknotes. Most of security features are intended for visual control of authenticity of banknotes. As we understand it is done to make the recognition of original and false banknotes easy for individuals. But we have some comments about such methods. First, we would like to remind our statement that the security features aimed for the individuals can easily be counterfeited and they require a lot of time for verification. Second, let us notify that most commercial institutions (supermarkets, restaurants and banks) but not individuals suffer from false money. Counterfeiters submit their products to banks or supermarkets trying to exchange them. These very commercial institutions are responsible for primary submission of forgeries into the monetary circulation system. These institutions can not afford to rely only on visual control. The cash flow is too intensive there. Therefore counterfeit detectors are available for their assistance. These devices are able to reveal the features of the banknotes which are not visible with the naked eye. A. Verification By Means Of Ultraviolet Detectors Ultraviolet detectors are mostly widespread among different types of counterfeit detectors. They are rather cheap and simple in work. The cashier places the banknote in the UV light to detect that it is false if it starts shining violet. The cashier can also identify the forgery if the special UV images are absent in the UV light. The UV protective features can be checked easily, but they are also simple to counterfeit. It is not a problem to find the paper which does not shine in the UV light. E.g. newspapers will not shine, as their paper absorbs the UV light and does not reflect it. Special UV images are more difficult to counterfeit. UV images are made by special ink which practically were not available in the market not long ago. Nowadays you can get them without any problem. But the UV designs are not stable and they can be rubbed and worn off (e.g. UV marks are getting weaker after laundry). The aplication of more advanced detectors with the bottom light, additional devices for check of the microprinting or magnetic marks certainly provides more careful authentication of the banknotes. But having won in the quality of verification we lose in time. The check of the above mentioned feature will take 40 seconds again.
4 Therefore checking with UV devices is recommended for the supermarkets and the banks with low cash flow. Besides the checking depends on the cashiers skills, their health condition and the quality of the banknotes to the great extend. If the cashiers have low cash operation skills or if he/she does not feel well such a detector cannot provide 100% guarantee that the fake banknote is rejected. B. Verification By Means Of Semi-automatic detectors It is reasonable to check a considerable number of banknotes with semi-automatic detectors. The number of the tested currency increases up to banknotes in one minute. Such devices are very convenient because they do not oblige the cashier to take the decision on the quality of money. Both the skilled cashier and the beginner can check the banknotes equally well. But such devices have 4 basic disadvantages. The first disadvantage is the quality of verification. The market is overflowed with the semi-automatic devices with extremely low quality of verification which sometimes imitate the verification procedure. As a rule, the detectors of such type are equipped with two sensors for checking the dimensions and the magnetic map of the banknote. The second disadvantage is the quality of the banknotes. There can be some technological deviations in the process of banknote printing. Sometimes the banknote may have deviations in length or may have different intensity and location of security features. The semiautomatic detectors may fail to recognize such deviations and reject the original banknotes. In some cases detectors can reject up to 90 % of genuine banknotes in a pack. That is not acceptable. The third disadvantage is a problem with the software. Automatic detectors are strictly programmed for the certain banknotes. They cannot check the banknote of earlier and brand new issues or the banknotes with printing deviations. Some of modern devices are adopted for upgrading; new software can be simply sent by and installed by connecting PC with the device, but most of the semi-automatic devices are not equipped with such an option. The fourth disadvantage problems with checking of shabby and worn-off banknotes. There are no mechanical detectors in the world granting 100% accuracy of verification of shabby banknotes: such banknotes are got stuck in the banknote acceptor of the devices very often. Engineers of our company took into account all the above mentioned disadvantages in development of semi-automatic detector the DORS 200. We tried to avoid all of them while creating DORS 200.
5 The device has a unique set of sensors. Its magnetic heads are wide thus granting verification of all the magnetic protective features across the banknote. The Infra Red sensor and the spectral analysis senor which is our Know How provide world highest standards of authentication. It is worth mentioning the highest speed of verification and lowest noise level. C. Verification By Means of Infra-Red Detectors Some years ago the largest Russian bank - the Savings Bank of Russia - issued the high value promissory note. It was counterfeited at once after it became available in the market. The fakes were of the highest quality and e.g. the iris pattern of the counterfeits was executed even better than on the originals. But all counterfeits could not imitate the Infra Red protective features. The Saving Bank was urgently equipped with our Infra Red detectors the DORS 1000 and the DORS It saved the promissory note emission from failure. Summarizing the above mentioned facts we would like to state the following: the detectors which can visualize the features which cannot be forged are more effective and promising. Nowadays the best features which can be visualized by means of the detectors and which practically impossible to counterfeit are Infra Red security marks. By means of Infra Red detectors you can see the IR marks of the banknotes which are not visible under standard illumination.
6 The banknote under standard day light illumination The banknote s image in Infra-Red light The cost of equipment which can make high quality IR marks is very high therefore the counterfeiters cannot afford it. The prices of IR detectors are higher in comparison with UV devices but not that fantastic as they used to be few years ago. Some years ago, if you can remember the devices for verification of IR marks were very huge and they cost dozen thousand dollars. Currently modern IR detectors can be equipped with additional devices, such as a videomagnifier which can be operated either in day light or IR zoom mode. Recently central Bank of Russia has released the new instruction "The Procedure Of Foreign Currencies Cash Handling By The Authorized Banks In The Territory Of The Russian Federation" providing how the working place of the cashiers should be equipped: The List Of The Technical Devices For The Definition Of The Authenticity Of Foreign States Banknotes: 1. The device for the control of the protective features seen in ultra-violet light. 2. The device for the control of watermarks. 3. The device for the control of magnetic marks x zoom magnifiers. 5. The device for the control of the protective features seen in infra-red light. IV Summary Let me summarize the issues which we wanted to convey to you: 1. The check of the recommended security features takes too much time, up to 40 seconds. 2. The very security features recommended for the detailed examination are usually being counterfeited. 3. The methods of visual checking of the banknotes do not guarantee the quality of verification. 4. Ultraviolet detectors help to reject only low quality counterfeits. 5. Semi-automatic detectors are acceptable to check new banknotes, but have certain problems with shabby banknotes. 6. Nowadays Infra Red detectors can be considered to be the most reliable devices for verifications of banknotes of any condition. Always at your disposal, Nikolay A. Stepanov Commercial Director International Sales Systema LLC Federativny pr., 5-2 Moscow Russia Tel: +7(095) Fax: +7(095) Mobile: +7(926) mailto:n.stepanov@shq.ru
COUNTERFEIT CURRENCY REPORT
CASH DEPARTMENT COUNTERFEIT CURRENCY REPORT January March 2018 April 2018 Contents: 1 Expertise of dinar banknotes... 2 2 Expertise of foreign currency banknotes... 4 3 Ratio of counterfeit dinar to foreign
More informationCOUNTERFEIT CURRENCY REPORT
CASH DEPARTMENT COUNTERFEIT CURRENCY REPORT January March 2016 April 2016 Contents: 1. Expertise of dinar banknotes... 2 2. Expertise of foreign currency banknotes... 4 3. Ratio of counterfeit dinar to
More informationCounterfeit Machines and Money SOP
Counterfeit Machines and Money SOP Standard Operating Procedure Palmetto Goodwill uses Royal Sovereign counterfeit machines at every register. These machines are able to verify the validity of paper currency,
More informationCOUNTERFEIT CURRENCY REPORT
CASH DEPARTMENT COUNTERFEIT CURRENCY REPORT January June 2016 July 2016 Contents: 1. Expertise of dinar banknotes... 2 2. Expertise of foreign currency banknotes... 4 3. Ratio of counterfeit dinar to foreign
More informationSTATISTICS ON REGISTERED COUNTERFEIT KUNA AND FOREIGN CURRENCY BANKNOTES. 1 January 30 June 2016
National Counterfeit, National Analysis and Coin National Analysis Centres STATISTICS ON REGISTERED COUNTERFEIT KUNA AND FOREIGN CURRENCY BANKNOTES Counterfeit kuna banknotes A total of 353 counterfeit
More informationJanuary December 2018
CASH DEPARTMENT COUNTERFEIT CURRENCY REPORT January December 2018 January 2019 Contents: 1. Expert analysis of banknotes and coins... 2 2. Expert analysis of foreign currency banknotes... 4 3. Ratio of
More informationCOUNTERFEIT CURRENCY REPORT
CASH DEPARTMENT COUNTERFEIT CURRENCY REPORT January December 2017 January 2018 Contents: 1 Expertise of dinar banknotes... 2 2 Expertise of foreign currency banknotes... 4 3 Ratio of dinar to foreign currency
More informationAwareness Session. Security Features of New Design Currency Notes.
Awareness Session Security Features of New Design Currency Notes. SECURITY FEATURES CLASSIFICATIONS OVERT: Features for PUBLIC. SEMI-COVERT: Features for CASHIER and other Bank staff. COVERT/FORENSIC :
More informationSTATISTICS ON REGISTERED COUNTERFEIT KUNA AND FOREIGN CURRENCY BANKNOTES
COUNTERFEIT PREVENTION AND CURRENCY ANALYSIS DIVISION STATISTICS ON REGISTERED COUNTERFEIT KUNA AND FOREIGN CURRENCY BANKNOTES 1 January 30 June 2018 CROATIAN NATIONAL BANK Currency Department www.hnb.hr
More informationDECISION ON HANDLING SUSPECTED COUNTERFEIT MONEY
RS Official Gazette, No 111/2017 Pursuant to Article 49а, paragraph 2 of the Law on Foreign Exchange Operations (RS Official Gazette, Nos 62/2006, 31/2011, 119/2012 and 139/2014) and Article 14, paragraph
More informationtake a closer look Your easy to follow guide to checking your banknotes
take a closer look Your easy to follow guide to checking your banknotes Includes the polymer 5 note Issued: September 0 INTRODUCTION Maintaining confidence in the currency is a key objective of the Bank
More informationRUBBER STAMPS: FAKE OR GENUINE How to distinguish the fake from the genuine Andrej Dvorsak - Private Investigator and Forensic Detective
RUBBER STAMPS: FAKE OR GENUINE How to distinguish the fake from the genuine Andrej Dvorsak - Private Investigator and Forensic Detective So-called rubber stamps, although these are actually made of silicone
More informationUnmasking the Criminal Frauds and Forgeries
Unmasking the Criminal Frauds and Forgeries In news Dec 7, 2010 http://news.yahoo.com/s/yblog_thelookout/2 0101206/us_yblog_thelookout/governmentcant print money properly US Treasury printed a LOT of $100
More informationNews English.com Ready-to-use ESL / EFL Lessons
www.breaking News English.com Ready-to-use ESL / EFL Lessons The Breaking News English.com Resource Book 1,000 Ideas & Activities For Language Teachers http://www.breakingnewsenglish.com/book.html Russia
More informationThe CNB s role in maintaining money circulation
The CNB s role in maintaining money circulation The new CZK 1000 banknote Pavel Řežábek Chief Executive Director and Member of the Bank Board of the CNB 21 March 2008 Structure of the presentation Introduction
More informationBANKNOTE CHARACTERIZATION USING THE FTIR SPECTROSCOPY
ISSN 1846-6168 (Print), ISSN 1848-5588 (Online) ID: TG-20170815202822 Original scientific paper BANKNOTE CHARACTERIZATION USING THE FTIR SPECTROSCOPY Katarina ITRIĆ, Damir MODRIĆ Abstract: Counterfeit
More informationNATIONAL BANK OF THE REPUBLIC OF MACEDONIA
NATIONAL BANK OF THE REPUBLIC OF MACEDONIA Pursuant to Article 47 paragraph 1 item 6 of the Law on the National of the Republic of Macedonia ("Official Gazette of the Republic of Macedonia" No. 158/10,
More informationQuestioned Documents. Forensic Science
Questioned Documents Forensic Science Counterfeit 2 Counterfeiting What is counterfeiting? When false documents are created or other items copied for the purpose of deception What are items that can be
More informationAnalyze whether the People s Republic of China Government should issue currency with larger face value
2017 Analyze whether the People s Republic of China Government should issue currency with larger face value Good Hope School Ruby Leung Tiana Tsang Clarissa Wong Priscilla Yeung Background In 1984, China
More informationtake a closer look Your easy to follow guide to checking banknotes
take a closer look Your easy to follow guide to checking banknotes INTRODUCTION Maintaining confidence in the currency is a key objective of the Bank of England, and you too can play a role. This easy
More informationtake a closer look Your easy to follow guide to checking banknotes Includes the polymer 10 note
take a closer look Your easy to follow guide to checking banknotes Includes the polymer 0 note Issued: September 0 INTRODUCTION Maintaining confidence in the currency is a key objective of the Bank of
More informationNATIONAL BANK OF THE REPUBLIC OF MACEDONIA
NATIONAL BANK OF THE REPUBLIC OF MACEDONIA Pursuant to Article 47 paragraph 1 item 6 of the Law on the National of the Republic of Macedonia (Official Gazette of the Republic of Macedonia No. 158/10, 123/12
More informationSTATISTICAL REPORT ON EURO COUNTERFEITING
TREASURY DEPARTMENT DIRECTORATE III INTERNATIONAL FINANCIAL RELATIONS CENTRAL MEANS OF PAYMENT ANTI-COUNTERFEITING OFFICE (UCAMP) STATISTICAL REPORT ON EURO COUNTERFEITING fourth edition (January - June
More informationGUARDIAN FACT SHEET. Using Polymer Banknotes
GUARDIAN FACT SHEET Using Polymer Banknotes What are polymer banknotes? Polymer banknotes use a polymer substrate on which to print the normal offset and intaglio print layers the public sees on any banknote
More informationBank of England Framework for the Testing of Automatic Banknote Handling Machines
Bank of England Framework for the Testing of Automatic Banknote Handling Machines 1. Introduction Maintaining confidence in the currency requires that cash users trust the physical integrity of the Bank
More informationA COMMUNITY STRATEGY TO PROTECT THE EURO PROGRAMMA PERICLES BANCA D ITALIA
A COMMUNITY STRATEGY TO PROTECT THE EURO PROGRAMMA PERICLES BANCA D ITALIA Rome, 30 November 1 December 2009 Regulation (EC) No. 1338/2001 layng down measures for the protection of the euro against counterfeiting
More informationEESTI PANK Governor s Decree No 15 4 November 2005
EESTI PANK Governor s Decree No 15 4 November 2005 Procedure for Sending Banknotes and Coins to Eesti Pank The Decree shall be laid down under subsection 2 (1) of the Eesti Pank Act. 1. Establishing the
More informationNews English.com Ready-to-use ESL / EFL Lessons
www.breaking News English.com Ready-to-use ESL / EFL Lessons The Breaking News English.com Resource Book 1,000 Ideas & Activities For Language Teachers http://www.breakingnewsenglish.com/book.html Russia
More informationTRACES OF FORGERY IN DIGITALLY MANIPULATED DOCUMENTS
TRACES OF FORGERY IN DIGITALLY MANIPULATED DOCUMENTS Audrys DERINGAS Institute of Forensic Examination, Vilnius, Lithuania ABSTRACT: Criminals use modern technology for producing counterfeit documents.
More informationLatest Measures for Combating Euro Counterfeiting
Latest Measures for Combating Euro Counterfeiting Allister McCallum Head of Anti-Counterfeiting Section European Central Bank Pericles Seminar, Rome, 30 November 2009 Background: counterfeiting statistics
More informationP.12 P.20 P. 22. main topic: The newest technologies used in creating security products. The Many Facets of Switzerland Introduced to the World
20 / 2016 Manuela Pfrunder, Head of Gestaltung Manuela Pfrunder GmbH, Designer of new Swiss banknotes main topic: The newest technologies used in creating security products The Many Facets of Switzerland
More informationD R A F T. Decree No.../2005 of the Governor of MNB
D R A F T Decree No..../2005 of the Governor of MNB on technical tasks and other duties related to the protection of Hungarian and foreign legal tender against counterfeiting Having regard to the authorisation
More informationGenuine U.S. Currency Production, Security Features, and Counterfeiting
Genuine U.S. Currency Production, Security Features, and Counterfeiting Ken Huffer SAIC Phoenix Field Office Genuine Currency HISTORICAL BACKGROUND 1863 - the U.S. adopted a national currency Civil War
More informationCurrency Department Operations
ANNUAL REPORT 26 5 Currency Department Operations 5.1 The Balance and Movements of Cash in Circulation On 31 December 26, the balance of cash in circulation totalled HRK 14.6bn, up 2.1% on the end-25.
More informationBANKNOTE COMPARISON - FRONT GENUINE SERIES 2000 $100 BANKNOTE NEW COUNTERFEIT SERIES 2000 $100 BANKNOTE CIRCULAR COUNTERFEIT 2000 SERIES $100 BANKNOTE
The Central Bank has been made aware that an improved counterfeit version of its Series 2000 $100 banknote is circulating and wishes to advise the public of this latest attempt. BANKNOTE COMPARISON - FRONT
More informationCZK 100 BANKNOTE 2018 VERSION
CZK 100 BANKNOTE 2018 VERSION On 5 September 2018 the Czech National Bank will put into circulation a new 2018 version of the CZK 100 banknote. The 1995 and 1997 versions of the note will remain legal
More informationMNB Decree No 3/2009 (I. 23.) of the Governor of the MNB
MNB Decree No 3/2009 (I. 23.) of the Governor of the MNB on the processing and distribution of coins, and on technical tasks relating to the protection of coins against counterfeiting Having regard to
More informationD. Issuing Activity of the NBS. and Currency Circulation in 1997
D. Issuing Activity of the NBS and Currency Circulation in 7 . ISSUES OF SLOVAK BANKNOTES AND COINS In 7, the National of Slovakia covered the needs of currency circulation with new issues of banknotes
More informationINFORMATION CONCERNING TESTS OF BANKNOTE AUTHENTICITY CHECKING OR FITNESS SORTING MACHINES
Warsaw, 22 June 2018 INFORMATION CONCERNING TESTS OF BANKNOTE AUTHENTICITY CHECKING OR FITNESS SORTING MACHINES I. Definitions The terms used in this information mean: 1. NBP Narodowy Bank Polski; 2. Regulation
More informationIntelligent Indian Currency Detection with Note to Coin Exchanger
International Journal of Scientific & Engineering Research, Volume 7, Issue 2, February-2016 ISSN 2229-5518 Intelligent Indian Currency Detection with Note to Coin Exchanger Prof. Vinay.U.Kale, Dhiraj
More informationCurrency Department. Operations
Currency Department Operations Currency Department Operations 5.1 Currency Outside Banks Currency outside banks amounted to HRK 16.bn on 31 December 27. Although 9.6% higher at the end of 27, the growth
More informationIssuing Activity and Currency in Circulation
Issuing Activity and Currency in Circulation Annual Report 26 NÁRODNÁ BANKA SLOVENSKA Issuing Activity and Currency in Circulation.1 Slovak currency issuance In 26, in accordance with the needs of currency
More informationPart #1: Bartering Assessment
FINANCIAL LITERACY: - The Money Trail 29 Part #1: Bartering Assessment Name Class Period True/False. Circle the correct answer. True False 1. People in ancient times did not use money to obtain the goods
More informationHOW TO CHECK YOUR MONEY USCURRENCY.GOV
HOW TO CHECK YOUR MONEY USCURRENCY.GOV AGENDA 1. Overview of U.S. Currency 2. Authenticating U.S. Currency Feel Tilt Check 3. Resources 4. Key Takeaways 2 OVERVIEW OF U.S. CURRENCY DENOMINATIONS 7 denominations
More informationMONETARY AGREEMENT between the European Union and the Vatican City State (2010/C 28/05)
4.2.2010 Official Journal of the European Union C 28/13 MONETARY AGREEMENT between the European Union and the Vatican City State (2010/C 28/05) THE EUROPEAN UNION, represented by the European Commission
More informationIssuing activity and currency circulation
C h a p t e r 4 Issuing activity and currency circulation 4 I s s u i n g a c t i v i t y a n d c u r r e n c y c i r c u l a t i o n 4 Issuing activity and currency circulation 9 Since euro banknotes
More informationEXPLANATORY MEMORANDUM for the Regulation on a Common Monetary System for Curaçao and Sint Maarten
TRANSLATION OF THE OFFICIAL PUBLICATION OF SINT MAARTEN EXPLANATORY MEMORANDUM for the Regulation on a Common Monetary System for Curaçao and Sint Maarten Purpose and objective The purpose of this draft
More informationCZK 200 BANKNOTE 2018 VERSION
CZK 200 BANKNOTE 2018 VERSION On 5 September 2018 the Czech National Bank will put into circulation a new 2018 version of the CZK 200 banknote. The 1995 and 1998 versions of the note will remain legal
More informationUSER MANUAL SAFESCAN 2210 / 2250 BANKNOTE COUNTER. 1
USER MANUAL SAFESCAN 2210 / 2250 BANKNOTE COUNTER www.safescan.com 1 ENGLISH INTRODUCTION Thank you for purchasing a Safescan 2200-series banknote counter. This user manual will help you to get started
More informationCENTRAL BANK OF MALTA
CENTRAL BANK OF MALTA DIRECTIVE NO 10 in terms of the CENTRAL BANK OF MALTA ACT (CAP. 204) AUTHENTICATION, FITNESS CHECKING AND RECIRCULATION OF EURO BANKNOTES AND COINS Ref: CBM/10 DIRECTIVE NO 10 DIRECTIVE
More informationFake Currency Detection Using Image Processing
Available Online at www.ijcsmc.com International Journal of Computer Science and Mobile Computing A Monthly Journal of Computer Science and Information Technology ISSN 2320 088X IMPACT FACTOR: 6.199 IJCSMC,
More informationDocument & Handwriting Analysis
Document & Handwriting Analysis Document Analysis Questioned Documents: Any documents whose source or authenticity is uncertain. This includes checks, letters, wills, contracts, records, tickets, and money.
More informationVideometerLab 3 Multi-Spectral Imaging
analytikltd VideometerLab 3 Multi-Spectral Imaging Rapid Non-destructive Surface Analysis Light reflectance at separate colours Statistical image processing Chemical, physical and spatial properties Differentiate
More informationREPUBLIC OF SAN MARINO
DECREE no. 19 of 8 February 2001 REPUBLIC OF SAN MARINO Ratification implementing the Monetary Agreement between the Republic of San Marino and the Italian Republic, on behalf of the European Community
More informationQuestioned Documents
Questioned Documents Questioned Documents Any document about which some issue has been raised or that is the subject of an investigation Document Examiners Mostly examine handwriting to originate its source
More informationCounterfeit Currency Note Detection using Multispectral Imaging and Image Processing
Counterfeit Currency Note Detection using Multispectral Imaging and Image Processing [1] Pradeep Raj.R, [2] Pranathi.C.P, [3] Soundarya.M, [4] Y.SreeLekha Dayananda Sagar Academy of Technology and Management
More informationProposal for a COUNCIL REGULATION. on denominations and technical specifications of euro coins intended for circulation. (recast)
EUROPEAN COMMISSION Brussels, 11.4.2013 COM(2013) 184 final 2013/0096 (NLE) C7-0132/13 Proposal for a COUNCIL REGULATION on denominations and technical specifications of euro coins intended for circulation
More informationPAYMENT MEDIA PROTECTION. Czech National Bank, Prague Cash and Payment System Department
Czech National Bank, Prague Cash and Payment System Department Czech National Bank, Prague CzechCash National Bank, andprague Payment Systems Department T.Hládek Executive Director Cash Circulation Division
More informationWise Up to Counterfeiting
Wise Up to Counterfeiting A GUIDE FOR POLICE OFFICERS www.bankofcanada.ca/banknotes With the introduction of polymer bank notes in 2011, the Bank of Canada s message is clear it intends to stay ahead of
More informationFigure 1 Currency in circulation in relation to GDP and consumption of households % 18,00
Developments in notes and coins circulation during the last five years The financial crisis has reached Hungary in October 2008, which has strongly influenced the cash demand. After a transitional increase
More informationCommitted to crafting exceptional passports
Committed to crafting exceptional passports We help our customers deliver unique travel documents that become works of art and symbols of pride in the hands of millions. We re proud to have succeeded in
More informationIndian Currency Recognition and Verification Using Image Processing
Indian Currency Recognition and Verification Using Image Processing Ingulkar Ashwini Suresh 1, Prof.P.P.Narwade 2 1M.E. (II) year student of Department of Electronics and Telecommunication Engineering,
More informationMNB Decree No 2/2009 (I. 23.) of the Governor of the MNB
MNB Decree No 2/2009 (I. 23.) of the Governor of the MNB on the processing and distribution of banknotes, and on technical tasks relating to the protection of banknotes against counterfeiting Having regard
More informationCZK 5000 BANKNOTE 2009 VERSION
CZK 5000 BANKNOTE 2009 VERSION On 1 December 2009 the Czech National Bank will put into circulation a new 2009 version of the CZK 5000 banknote. The 1999 version of the note will remain legal tender. The
More informationOPERATIONAL STANDARDS FOR CASH MOVEMENTS AT BANQUE DE FRANCE COUNTERS. January 2012
Last updated: 2 January 2012 OPERATIONAL STANDARDS FOR CASH MOVEMENTS AT BANQUE DE ANCE COUNTERS January 2012 20 Banque de France official publications register CONTENTS 1. GENERAL 22 2. LODGEMENT OPERATIONS
More informationWeekly Test Lesson 12
Read the text. Then answer the questions. The Origin of Currency in America Suppose you wanted to buy something at the store, but you had only a handful of coins from other countries. It may sound strange,
More informationDetection of Counterfeit Coins with Optical Methods and Their Industrial Implementation
Detection of Counterfeit Coins with Optical Methods and Their Industrial Implementation Technical Forum Berlin 2016 Overview Purpose Different methods for detection of counterfeit coins Examples Summary
More informationCounterfeit Bill Detection Algorithm using Deep Learning
Counterfeit Bill Detection Algorithm using Deep Learning Soo-Hyeon Lee 1 and Hae-Yeoun Lee 2,* 1 Undergraduate Student, 2 Professor 1,2 Department of Computer Software Engineering, Kumoh National Institute
More informationNext Generation of Australian Banknotes
Next Generation of Australian Banknotes Revealing the new $10 design Production of the new $10 has commenced and we have revealed its design today, well in advance of issuance (planned for September this
More informationRecognition and Authentication of Indian Currency using Image processing
Recognition and Authentication of Indian Currency using Image processing Prasad Dinkarrao Deshpande 1, Atul Shrivastava 2 1,2 E&TC Department, Vishwabharti Academy College of Engineering, Ahmednagar, (India)
More informationIndian Currency Recognition and Authentication using Image processing
Indian Currency Recognition and Authentication using Image processing Prasad Dinkarrao Deshpande 1, Atul Shrivastava 2 P.G. Scholar, Department of E&TC Engineering, VACOE, Ahmednagar, Maharashtra, India
More informationOriginal and Counterfeit Money Detection Based on Edge Detection
Original and Counterfeit Money Detection Based on Edge Detection Muhammad Akbar, Awaluddin, Agung Sedayu, Aditya Andika Putra 1, Setyawan Widyarto 1,2 1 Program Magister Komputer, Universitas Budi Luhur,
More informationFORENSIC SCIENCE PAPER No. 8: Questioned Document MODULE No.27 : Counterfeiting of Indian Bank Notes
SUBJECT Paper No. and Title Module No. and Title Module Tag FORENSIC SCIENCE PAPER No. 8: Questioned Document MODULE No.27: Counterfeiting of Indian Bank Notes FSC_P8_M27 TABLE OF CONTENTS 1. Learning
More informationREGULATION ON CASH OPERTATIONS CHAPTER I GENERAL PROVISIONS. Article 1 Purpose
Based on Articles 15, 16, 17, 18, 19, 20 and Article 35 paragraph 1 sub-paragraph 1.1 of the Law no. 03 / L-209 on Central Bank of the Republic of Kosovo (Official Gazette of the Republic of Kosovo, Law
More informationBANKNOTES. counterfeiting and protection of euro banknotes. Thomas Wagner Oesterreichische Nationalbank
BANKNOTES Issuance, changeover, common logistics, counterfeiting and protection of euro banknotes Thomas Wagner Oesterreichische Nationalbank EMU Lawyers Conference Frankfurt, 29 January 2009 TOPICS Issuance
More informationstaying ON BUDGET: ACTIVITY PACK in partnership with
staying ON BUDGET: ACTIVITY PACK The Scout Association Registered Charity Numbers 306101 (England and Wales) and SC038437 (Scotland). introduction If you had money to spend, what would you spend it on?
More informationDecree No 11/2011 (IX. 6.) of the Governor of the MNB
Decree No 11/2011 (IX. 6.) of the Governor of the MNB on the processing and distribution of banknotes and on technical tasks relating to the protection of banknotes against counterfeiting Having regard
More informationOUTLINES: ABSTRACT INTRODUCTION PALM VEIN AUTHENTICATION IMPLEMENTATION OF CONTACTLESS PALM VEIN AUTHENTICATIONSAPPLICATIONS
1 OUTLINES: ABSTRACT INTRODUCTION PALM VEIN AUTHENTICATION IMPLEMENTATION OF CONTACTLESS PALM VEIN AUTHENTICATIONSAPPLICATIONS RESULTS OF PRACTICAL EXPERIMENTS CONCLUSION 2 ABSTRACT IDENTITY VERIFICATION
More informationWorkbook. Welcome to the Pricing Masterclass I m so glad you re joining me!
Pricing Workbook Masterclass Welcome to the Pricing Masterclass I m so glad you re joining me! My job with this series is to get you from feeling like you ve got NO IDEA what the heck you re doing, to
More informationUnofficial Translation
BANK INDONESIA REGULATION NUMBER : 7/40/PBI/2005 CONCERNING ISSUANCE AND CIRCULATION OF THE YEAR 2005 ISSUE OF BANKNOTES IN THE 10,000 (TEN THOUSAND) RUPIAH DENOMINATION THE GOVERNOR OF BANK INDONESIA,
More informationAuthentication Solution for Currency Management
Bilcare Technologies is a division of Bilcare Ltd. focused on creating next-generation anti-counterfeiting, security, and brand protection solutions for a broad range of industry sectors. With breakthrough
More information1 Currency Management
Currency Management. Overview Ensuring adequate supply of good quality notes across the country is amongst the core functions of BSC. Currency management cycle involves a wide range of activities including
More informationUser manual. English. Banknote counter with verification and recognition of banknotes denomination PRO MIX EURO.
User manual Banknote counter with verification and recognition of banknotes denomination English PRO MIX EURO www.pro-intell.com Contents 1 Functions...3 2 Appearance...4 3 Specifications...4 4 Safety
More informationDecree No.1/2006. (II. 15.) of the Governor of Magyar Nemzeti Bank. on the reproduction of the Hungarian legal tender and the euro
Decree No.1/2006. (II. 15.) of the Governor of Magyar Nemzeti Bank on the reproduction of the Hungarian legal tender and the euro Having regard to the authorization by Article 60 (1) d), f) and g) of Act
More informationA COMMUNITY STRATEGY TO PROTECT THE EURO. The Maltese Legislative Scenario
Central Bank of Malta Bernadette Muscat A COMMUNITY STRATEGY TO PROTECT THE EURO Implementation of Legislation on Authentication And Suggestions for the Future The Maltese Legislative Scenario Delivered
More informationHandling of articles in general is found in B65G and handling of sheet material in general is found in B65H.
G07D HANDLING OF COINS OR OF PAPER CURRENCY OR SIMILAR VALUABLE PAPERS, e.g. TESTING, SORTING BY DENOMINATIONS, COUNTING, DISPENSING, CHANGING OR DEPOSITING This subclass covers handling of "coins" or
More informationInternational Journal of Modern Trends in Engineering and Research e-issn No.: , Date: 2-4 July, 2015
International Journal of Modern Trends in Engineering and Research www.ijmter.com e-issn No.:2349-9745, Date: 2-4 July, 2015 Counterfeit Currency Recognition Using SVM With Note to Coin Exchanger Swati
More informationUnofficial Translation
BANK INDONESIA REGULATION NUMBER : 13/ 17/ PBI/ 2011 CONCERNING SECOND AMENDMENT OF BANK INDONESIA REGULATION NUMBER 7/42/PBI/2005 CONCERNING ISSUANCE AND CIRCULATION OF THE YEAR 2005 ISSUE OF BANKNOTES
More informationSecurity Features in Travel Documents to Prevent Fraud
Security Features in Travel Documents to Prevent Fraud Amy Johnson-Lynch Senior Director Passport Services ICAO TRIP: Making the Air Travel more Secure and Efficient TOWARDS A BETTER TRAVELLER IDENTIFICATION
More informationAs people do not check, counterfeiters settle for 50 %
As people do not check, counterfeiters settle for 50 % Hans de Heij De Nederlandsche Bank NV, Amsterdam, The Netherlands ABSTRACT The Dutch are increasingly confident about the authenticity of their euro
More informationTHE ULTIMATE DOCUMENT EXAMINATION SYSTEM STATE-OF-THE-ART SPECTRAL ANALYSIS FORENSIC LABS SECURITY PRINTERS IMMIGRATION AUTHORITIES
THE ULTIMATE DOCUMENT EXAMINATION SYSTEM STATE-OF-THE-ART SPECTRAL ANALYSIS FORENSIC LABS SECURITY PRINTERS IMMIGRATION AUTHORITIES WHEN DETAILS MATTER PROJECTINA SPECTRA PRO The Ultimate Document Examination
More informationVideo spectral comparator Regula 4307
Video spectral comparator Regula 4307 The device is intended for advanced authenticity verification of passports, ID cards, travel documents, passport stamps, banknotes, driving licences, vehicle registration
More informationUSER MANUAL ENGLISH 2985-SX BANKNOTE COUNTER
USER MANUAL ENGLISH 2985-SX BANKNOTE COUNTER INTRODUCTION ENGLISH Thank you for purchasing Safescan 2985-SX banknote counter. For proper use and maintenance, we advise to read this user manual carefully.
More informationSECURITY FEATURES OF A GENUINE NOTE SLBC, MADHYA PRADESH
SECURITY FEATURES OF A GENUINE NOTE SLBC, MADHYA PRADESH SECURITY FEATURES: TYPES There are several security features built in our bank notes that deter counterfeiting. Some of these are incorporated in
More informationINTERNATIONAL JOURNAL OF PURE AND APPLIED RESEARCH IN ENGINEERING AND TECHNOLOGY
INTERNATIONAL JOURNAL OF PURE AND APPLIED RESEARCH IN ENGINEERING AND TECHNOLOGY A PATH FOR HORIZING YOUR INNOVATIVE WORK INTELLIGENT INDIAN CURRENCY DETECTION WITH NOTE TO COIN EXCHANGER VINAY. U. KALE,
More informationDraft COMMISSION RECOMMENDATION. on the scope and effects of legal tender of euro banknotes and coins
EUROPEAN COMMISSION Brussels, xxx C(20..) yyy final Draft COMMISSION RECOMMDATION of [ ] on the scope and effects of legal tender of euro banknotes and coins Draft COMMISSION RECOMMDATION of [ ] on the
More informationARE YOU READY? OUR MONEY. -day = 1 January Discover the euro banknotes and coins 28 LV L
ARE YOU READY? OUR MONEY -day = 1 January 015 Discover the euro banknotes and coins 0. 70 1 EU 8 R 04 LV L = 0 R1 58 EU.4 L LT = THE EUROPA SERIES 1 1 New 5 10 x 6 mm 1 1 New 10 17 x 67 mm THE FIRST SERIES
More informationDigital Nanoparticle Authentication
Digital Nanoparticle Authentication Statement from our CEO The time has come for manufacturers to think about securing their products in the same way that central banks think about securing their currency.
More informationLegal Notice: The Author and Publisher assume no responsibility or liability whatsoever on the behalf of any Purchaser or Reader of these materials.
BACK DOOR SUPPLIERS Legal Notice: While all attempts have been made to verify information provided in this publication,neither the Author nor the Publisher assumes any responsibility for errors, omissions,
More informationNew Banknotes Handling Guide. Banks and Retailers
New Banknotes Handling Guide Banks and Retailers Check Your Notes Front The Series 7 banknotes have security features that can be easily checked. Here is an overview of the main security features: Large
More information