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What Is Counterfeit Money?

Counterfeit money is imitation currency designed to look like real government produced currency. In most cases, currency issuance is managed and monitored by a country's central bank. Producing and using counterfeit money is one of the oldest crimes in history. In the past, counterfeiting was very difficult and expensive. Nowdays, it's much easier to create counterfeit notes using modern digital technology.

How to detect counterfeit money in 4 easy steps?

Check the paper and raised print. Banknotes are printed on special paper that gives them unique feel. Most of notes are made from cotton fiber paper, unlike most common paper, which is made of wood fiber (used by most of counterfeiters). By running your finger across the note you can feel raised print areas. Check the print quality.

What to do if you receive counterfeit money?

If you have been offered a counterfeit money during transaction, you must refuse the notes and explain that you suspect that they may be counterfeit. If you suspect that a banknotes are counterfeit after a transaction you have to report to local police station. Write down details of the circumstances of how you came into possession of the counterfeit to help the police investigation.