The Science Of ...

The world is awash in counterfeit money (1 in 30 British pounds are fake)

(Click here for more "The Science Of" articles such as this one.)

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

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Fixing SAA won’t be easy. Senior pilot Captain John Harty thinks he knows how...

Fixing SAA won’t be easy. Senior pilot Captain John Harty thinks he knows how...

The Chair of the SAA Pilots Association, Captain John Harty, gives a pilot’s perspective on fixing our ailing national carrier.

South Africa needs jobs. Lots of jobs. Here’s how EOH is creating them…

South Africa needs jobs. Lots of jobs. Here’s how EOH is creating them…

The Money Show’s Bruce Whitfield interviewed Asher Bohbot, CEO of EOH, about the science of job creation.

This is the best takeaway burger in all of South Africa

This is the best takeaway burger in all of South Africa

Steers, Wimpy, McDonalds, Burger King, KFC, Nando’s and Chicken Licken competed for the honours. The results were conclusive.

How online classified advertisers such as Gumtree and OLX work

How online classified advertisers such as Gumtree and OLX work

We interview the country manager for OLX about the science of online classified advertisements.

How the Road Accident Fund works to keep road users from financial ruin

How the Road Accident Fund works to keep road users from financial ruin

All you need to know about the compulsory insurance cover provided by the Road Accident Fund to all road users in South Africa.

The science of staying sane when work drives you mad

The science of staying sane when work drives you mad

Everything you need to know about the science of mental health in the office.

Do great work; earn more money? The science of the Performance Bonus…

Do great work; earn more money? The science of the Performance Bonus…

The ins and outs of compensation beyond normal wages to reward great performance at work.

How “empowerment” aims to create a more prosperous South Africa for all

How “empowerment” aims to create a more prosperous South Africa for all

We interviewed Nkululeko Sowazi, Co-Founder of Kagiso Tiso Holdings, about the science of empowerment.

Need a loan? How credit worthy are you? This FREE new app will tell you…

Need a loan? How credit worthy are you? This FREE new app will tell you…

A new cellphone application helps people access their credit profiles and safely upload their full credit reports.

Johannesburg to Cape Town for R499?! It's NOT a gimmick, says low cost airline

Johannesburg to Cape Town for R499?! It's NOT a gimmick, says low cost airline

Our business makes sense even with oil at $100 per barrel, says Elmar Conradie, FlySafair’s new CEO. Here's how they do it...

Popular articles
Vigilante mob attacks alleged criminals in Daveyton

Vigilante mob attacks alleged criminals in Daveyton

Tensions are rife in the East Joburg township as the community attacked and killed criminals.

Survivor winner Tom Swartz vows to buy his wife 'new boobies and a family house'

Survivor winner Tom Swartz vows to buy his wife 'new boobies and a family house'

Swartz says he would have done anything to get the R1 million prize money.

[WATCH] Dad uses a drone to pull out son's tooth

[WATCH] Dad uses a drone to pull out son's tooth

Khabazela shares YouTube videos gone viral including a barmaid hitting a colleague who slapped her rear during a routine.

'There is no way Magnus Malan could've done the things he is accused of'

'There is no way Magnus Malan could've done the things he is accused of'

Former police minister Adriaan Vlok has rejected accusations that former minister Malan was at the centre of a paedophile ring.

4 tips for safely investing right now when everything is so hectic

4 tips for safely investing right now when everything is so hectic

Bruce Whitfield asks Personal Financial Advisor Warren Ingram for advice on how investors can safely navigate this hectic time.

[Listen] Lottery responds to Tshepo's fraud claims

[Listen] Lottery responds to Tshepo's fraud claims

Philemon Letwaba says Tshepo's case relates to some of the issues that they are dealing with on a daily basis.