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Counterfeit Money Isn't Awesome
2008-08-19

On the 15th Aug, 2008, European Central Bank in its headquarters in Frankfurt published some statistics by the first half of the year in the Euro zone and outside seized up counterfeit money 293,000 pieces. Today the finest counterfeit banknotes are claimed to be U.S. dollar bills produced in North Korea, which are used to finance the North Korean government, among other uses. The fake North Korean copies are called Super dollars because of their high quality. Bulgaria and Colombia are also significant sources of counterfeit currency. Recently, on May 23rd, 2007, the Swiss government has raised some doubt as to the ability of North Korea to produce the "Super dollars". There has been a rapid growth in the counterfeiting of Euro banknotes and coins since the launch of the currency in 2002. In 2003, 551,287 fake Euro notes and 26,191 bogus Euro coins were removed from EU circulation. In 2004, French police seized fake 10 Euro and 20 Euro notes worth a total of around €1.8 million from two laboratories and estimated that 145,000 notes had already entered circulation. In Russia, authorities estimate that 90% of products sold to people are counterfeit In 2006, a Pakistani government printing press in the city of Quetta was accused of churning out large quantities of counterfeit Indian currency, The Times of India reported based on Central Bureau of Intelligence investigation. …. The crime of counterfeiting currency is as old as money itself. In the past, nations had used counterfeiting as a means of warfare, such as in the War Between the States in the USA in the mid-1800s and the Bernhard Operation in Europe during the Second World War. The idea was to overflow the enemy's economy with fake banknotes, so that the real value of the said money was reduced; therefore, attacking the economy and general welfare of a society. And now, the crime of counterfeiting continues to present a potential danger to national economies and financial losses to consumers. Recent developments in photographic and computer technology, as well as printing devices, have made the production of counterfeit money relatively easy, thereby increasing the potential threat. Clearly, there is money, there is counterfeit money, counterfeit money has infiltrated into almost every corner of the world. Even the government, and by the departments in strengthening the fight against counterfeit money criminals, but this is still not very good improvement. With the increasingly sophisticated technology of produce counterfeit money, it is more difficult for people to identify counterfeit currency. See your notes quick, perhaps there is one or two counterfeit money. Yes, I am sorry to hear that this is counterfeit money, perhaps we should use folding money detector, and it will be our losses to a minimum. Folding Money Detector would spectral analysis and magnetism detection on suspected banknotes, bills, etc. Some folding money detector design of flip on/off cover has dramatically saved the space this detector takes, which makes it easy to carry and use everywhere. In fact, use folding money detector is very simple, it is testing the following. Intaglio Printings --- Portrait, name of bank, raised print, tactile marks, denomination, etc. Relief Printings --- Serial number, seal, etc. Fluorescent Ink Properties --- Fluorescent numbers, fibers, seal, etc. Infrared --- IR absorptive ink See-through Elements --- Watermark, see-through pattern Special "M" Elements --- *For certain banknotes only Although the counterfeit money is abhorrent, but it is guard against, perhaps just a simple folding money detector, you can stay away from counterfeit money. Then you can say:” the counterfeit money isn’t awesome”.

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