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Counterfeit Currency: A Global Threat
According to the analysis in "Estimating the Volume of Counterfeit U.S. Currency in Circulation Worldwide: Data and Extrapolation," the report compiles data from the Federal Reserve System and the U.S. Secret Service, revealing a fact: among every 10,000 genuine U.S. dollar bills in global circulation, there are likely about 1 or fewer counterfeit notes.
Although it represents a small proportion of the total volume of currency in circulation worldwide, its impact on the economy cannot be overlooked. Counterfeit money not only harms economic health but may also be used to fund illegal activities, thus posing a threat to social order.
Numerous news reports and analyses also indirectly highlight that in recent years, particularly in 2023, with the severe devaluation of currency in underdeveloped regions, an increasing amount of counterfeit U.S. dollars has been circulating in these countries, exacerbating their already fragile economic environments.
Highlighting the dangers of counterfeit money is not an exaggeration but a necessary warning against a persistent global threat. This also reminds the global community of the need to continuously focus on and adopt the latest currency anti-counterfeiting technologies to protect economic security and people's interests. Central banks and currency issuing authorities worldwide must innovate continually, using high-tech methods to enhance the security of banknotes, while the public should also be vigilant and learn how to distinguish between genuine and fake money, working together to combat the circulation of counterfeit notes.
“Estimating the Volume of Counterfeit U.S. Currency in Circulation Worldwide”
By Ruth Judson and Richard Porter
Latest Anti-Counterfeit Technologies Used In Banknote Verification And Sorting Machines
The threat of advanced counterfeiters compromising the integrity and stability of financial systems is a grave concern that central banks, financial institutions, and small business owners must vigilantly defend against. The risk of counterfeit currency infiltrating the market poses a significant danger not only to the economic health of nations but also to the trust in their currency.. Fortunately, we have banknote counter machines that can effectively stop the circulation of 'super dollars'.
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