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Counterfeit Deterrent Features for the Next-Generation Currency Design (1993) / Chapter Skim
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1 Introduction
Pages 13-16

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From page 13...
... Marco Polo is generally credited with introducing the concept of paper money to the West, presumably as a consequence of his travels to China at the end of the thirteenth century. Although different countries adopted various implementations of paper money, they all shared an important, common characteristic: the currency tract intrinsic value payable to the bearer of the note.
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From page 14...
... Banknote producers have used a variety of methods that include unique, complex methods of printing not generally commercially used; unique materials, such as watermarked paper, not available to the general public; distinctive images, designs, and patterns developed by artisans, which are easily recognizable but difficult to duplicate; and public education regarding recognition of genuine notes. It is instructive to examine how the United States solved the most severe counterfeiting problem in its history.
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From page 15...
... sit might be observedthat the forecasted primary threat (many casual counterfeiters employing readily available equipment and supplies) is the inverse of the two critical elements that helped the Secret Service successfully halt counterfeiting after the Civil War (few counterfeiters using specialized equipment and supplies)
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From page 16...
... 1. New York: IEEE Engineering Management Society of the IEEE.
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Key Terms

  • secret service
  • billion banknotes
  • deterrent features
  • american banknotes
  • federal reserve

  • currency design
  • watermarked paper
  • counterfeit deterrent
  • regarding recognition
  • engineering management

  • dark blue
  • service successfully
  • thirteenth century
  • congress standardized
  • engineers cites

  • notes independently
  • continued relatively
  • running parallel
  • ming dynasty
  • using specialized

  • total value
  • forecasted primary
  • cashless society
  • paper substrate
  • relatively unabated

  • blue jute
  • whoever forges
  • easily recognizable
  • private banks
  • reduce counterfeiting


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