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Counterfeit money is currency produced outside of the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Producing or using counterfeit money is a form of fraud or forgery , and is illegal in all jurisdictions of the world.
Fake Indian Currency Note (FICN) is a term used by officials and media to refer to counterfeit currency notes circulated in the Indian economy. [1] In 2012, while responding to a question in parliament, the Finance Minister, P. Chidambaram, admitted that there is no confirmed estimate of fake currency in India. [2]
But in 2017–18, there was an increase in counterfeit ₹500 and ₹2,000 (new version) banknotes than the previous year. [84] There has been no significant change in the number of counterfeit banknotes detected. In 2017–18, the number of detected counterfeit banknotes was close to the number before demonetisation. [86]
Counterfeit money is imitation currency produced without the legal sanction of the state or government. Producing or using counterfeit money is a form of fraud or forgery. Counterfeiting is almost as old as money itself. Plated copies (known as Fourrées) have been found of Lydian coins which are thought to be among the first western coins. [60]
A counterfeit Series 1974 one-hundred-dollar bill on display at the British Museum. After being detected, the bill was overprinted with a rubber stamp to indicate that it is a fake. A superdollar (also known as a superbill or supernote ) is a very high quality counterfeit United States one hundred-dollar bill , [ 1 ] alleged by the U.S ...
A counterfeit banknote detection pen, used to detect fake banknotes. A counterfeit banknote detection pen is a pen used to apply an iodine-based ink to banknotes in an attempt to determine their authenticity. The ink reacts with starch in wood-based paper to create a black or blue mark but the paper in a real bill contains no starch, so the pen ...
"To Counterfeit is Death" - counterfeit warning printed on the reverse of a 4 shilling Colonial currency in 1776 from Delaware Colony American 18th–19th century iron counterfeit coin mold for making fake Spanish milled dollars and U.S. half dollars Anti-counterfeiting features on a series 1993 U.S. $20 bill The security strip of a U.S. $20 bill glows under black light as a safeguard against ...
A counterfeit is a fake or unauthorized replica of a genuine product, such as money, documents, designer items, or other valuable goods. [ 1 ] [ 2 ] [ 3 ] Counterfeiting generally involves creating an imitation of a genuine item that closely resembles the original to deceive others into believing it is authentic.