Counterfeiting has exponentially grown over the years worldwide. While some countries trade in counterfeit goods, some countries have faced negative implications because of counterfeiting actions. If we talk about the definition of counterfeiting, it can be simply defined as an infringement of intellectual property. Counterfeiting can be done in several activities. Out of the lot, counterfeiting banknotes impact a nation's economy. In the United States alone, counterfeiting banknotes robs the economy of extensive growth and damages the credibility of dollars.
Despite the availability of ample resources for detecting counterfeit banknotes, the economic threat posed by counterfeiting remains significant. Below are some of the risks associated with counterfeit banknotes:
- Inflation: Since counterfeiting banknotes results in fake money, increases in prices are inevitable. Inflation comes in handy when the economy is flooded with a counterfeit banknotes. As the imitated bank notes are available in bulk, the artificial money supply in the market also increases.
- Original Value of Currency Decreases: Since counterfeit banknotes have no real value, the excessive use of fake notes reduces the currency's actual value. Towards the end of the trade chain, counterfeit banknotes do not add value to the economy.
- Decreased Acceptability of Paper Money: Counterfeiting can be done with paper money. The enormous increase in the counterfeiting of banknotes reduces the acceptability of paper money, which only results in a digital payment ecosystem.
To counter these risks, there has been a remarkable evolution in technology, focused on both educating the public and deploying advanced tools to detect and prevent the circulation of counterfeit notes.
Detection Techniques for the General Public
Visual and Tactile Inspection: Simple yet effective methods such as examining serial numbers, print quality, and security features like 3-D ribbons can be employed by anyone. These features, including crisp printing and unique serial number formats, are difficult for counterfeiters to replicate precisely.
Advanced Counterfeit Detection Technologies
The advancement in technology has made our lives easier. To curb the spread of counterfeit banknotes in the economy, the traditional currency counter machines have been upgraded to ensure that the detection of fake notes is easy and hassle-free. The currency counter machine comes with various tools that completely detect the banknote for any kind of counterfeiting triggers. The several ways through which currency counting machines can detect counterfeit banknotes are listed below.
Since counterfeit banknotes are derived from excessive use of white or bleached paper, ultraviolet technology detects banknotes with suspected UV properties. Real currencies absorb UV light, whereas counterfeit banknotes reflect UV light and make the surface extremely bright.
This is one of the easiest ways of detecting fake notes. The MAG of magnetic counterfeit bill detection involves unique magnetic inks. The properties are embedded in the currency through counting machines to differentiate between fake and real banknotes.
Currency counting machines are packed with infrared inspection features that aid individuals in detecting fake banknotes. The machine has an infrared light source, filters, camera, and processor that detects infrared-sensitive ink. The technology measures the bill’s thickness and confirms the authenticity of the banknote.
Similar to infrared imaging, the RGB image feature is available in counting machines that reveal the genuineness of a banknote. The processor, filter and RGB-sensitive ink are used on the bill that measures the thickness of the characters and paper.
Serial Number is a prominent element that can be visually seen by eyes or machines. Counterfeit counting machines easily detect fake or ripple notes with fake serial numbers and notify the individual with a beep sound.
The Role of BC-55 in Counterfeit Detection
Ribao BC-55 mixed denomination value counter machine exemplifies the pinnacle of this technology. It incorporates a comprehensive array of sensors and detection methods, ensuring high accuracy in identifying counterfeit notes. Equipped with capabilities like infrared imaging, UV detection, and precise serial number checking, the BC-55 stands as a robust defense against the infiltration of counterfeit banknotes into the economy.
Even though you can detect counterfeit banknotes using naked eyes, the reliability of machines, especially while counting super dollars, is crucial. Super dollars are difficult to distinguish without the machine. You can try our bill counter machine BC-55 that comes with the bank-grade stereo distribution of various sensors that determines fake banknotes. Whether it’s infrared image technology or UV detection, you get all the prominent technology in BC-55 at an affordable price cap that would not burn your pockets. Contact us today and save yourself from the clutches of counterfeit banknotes.