publication . Article . 2011

Recent Trends in Counterfeiting

Arianna Cowling;
Open Access
  • Published: 01 Jan 2011
Under the Reserve Bank Act 1959, the Reserve Bank has sole authority to issue banknotes in Australia. As such, a key responsibility of the Reserve Bank is to maintain public confidence in banknotes, so that they remain an effective payment mechanism and a secure store of wealth. This article examines how counterfeiting can impact on this confidence, and counterfeiting trends in Australia and overseas. The article also discusses the strategies the Reserve Bank employs to minimise the risks of counterfeiting and maintain public confidence in banknotes.
free text keywords: Banknotes; Banknote counterfeiting; Currency

Klein RM, S Gadbois and JJ Christie (2004), 'Perception and Detection of Counterfeit Currency in Canada: Note Quality, Training and Security Features', in RL van Renesse (ed), Optical Security and Counterfeit Deterrence Techniques V, Proceedings of SPIE Volume 5310, SPIE, Bellingham, pp 1-12.

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