How to recognize fake dollars

New technologies have simplified the production of counterfeit money for fraudsters: it is now harder to recognize a fake, but it is easier and cheaper to manufacture.

Photo: IStock

Millions of counterfeit dollars pass through the US every year. Edition Time gathered a few tips on how not to become a victim of scammers and recognize a fake currency.

Examine the labels on real banknotes.

All banknotes, starting at $ 5, have watermarks and security fibers. Look carefully at them in the light to see what these labels look like. On banknotes from $ 10 and above, the color of the number in the lower right corner should change from copper to green. On the new $ 100 note, there will be an 3D security tape with a picture of bells and the number “100”. To the touch banknotes should be tight and slightly rough. Other characteristics of the American currency are described on the website. US Currency Education Program.

Follow local news

Information about locating counterfeiters or counterfeit money in the region is usually reported by local media or the police. Watch their information to understand when it is necessary to check money with the utmost care.

Inform law enforcement officers on the detection of counterfeit money

If you are still a victim of fraudsters, be sure to report the counterfeit police notes. This will help track down criminals or secure other residents of the region.

Be especially attentive during a large influx of customers.

If you own your own business or work at the checkout, be especially careful during the active influx of buyers, because counterfeiters often use long lines and rush sellers and cashiers to pay fake money, because sellers often do not have time.

A fake bill, if it came to you, no one compensates, it is a loss.

But the growth of technology is observed not only by fraudsters, but also by manufacturers of various mechanisms for verifying the authenticity of banknotes; they are able to detect more serious and skillful counterfeits than before.

The level of counterfeiting in the United States has decreased over the past 20 years, due to the fact that many people use credit cards for purchases, and not cash.

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