Counterfeit money is imitation currency produced without the legal sanction of the state or government.
Counterfeiting is as old as money itself.
It's a huge problem just about everywhere in the world.
The Money Show’s Bruce Whitfield interviewed Darian Liprini, Director at Avansa, a company that specialises in cash handling equipment for the African continent.
Scroll down for quotes from the audio below.
We have point of sale counterfeit detectors.— Darian Liprini
Feel the note. It should have a cottony feel. Hold it up to the light. Do you see the watermark?— Darian Liprini
The Super Dollar – manufactured in North Korea – has most of the security features of an original dollar.— Darian Liprini
We have to constantly upgrade our technology.— Darian Liprini
The one pound coin is significantly easier than other coins to fake and it costs only 20p to do.— Darian Liprini
It’s not worth it to fake a bi-metal coin.— Darian Liprini
90% of fake euros are manufactured in Naples in Italy.— Darian Liprini
The amount of cash in circulation has doubled in the last 10 years.— Darian Liprini
If you know you have a fake note you have a legal obligation to hand it in at a bank.— Darian Liprini
R100 and R200 notes are the most counterfeited notes in South Africa.— Darian Liprini
The majority of fake US dollars are made in Peru.— Darian Liprini