New Money to Help Reduce Counterfeiting THREAT OF MASSIVE COUNTERFEITING MAY BE REASON FOR NEW U.S. CURRENCY Concerns over the possibility of a massive counterfeiting operation may the inspiration behind recent changes in U.S. Currency. The New Yorker Magazine has reported that changes may be prompted by a massive, Syrian backed counterfeiting operation, which is believed to be based in Syria or Lebanon and is protected by the Syrian military. The magazine reported that the fake $100 bill dubbed the Supernote - has become so common in Russia that German banks will no longer accept the notes from Russia. U.S. officials fear that up to 20 percent of all $100 bills circulating outside the United States may be counterfeit. About two-thirds of the $390 billion of U.S. currency is in circulation outside of the United States at any given time. The New Yorker article asserted that the Supernote appears so real that
a top Secret Service technical analyst as well as the Federal Reserve's
highly sophisticated computer scanners accepted it as genuine. The Supernote
has the unique translucent polymer thread embedded in the paper, a change
that required years of research and development by Crane & Co., the
firm that supplies currency paper to the Treasury.
OLD CURRENCY.
1 ST BANK NOTE ISSUED IN 1861 1928 SERIES ESTABLISHED CURRENT SIZE
1990 SERIES INTRODUCED SECURITY
1996 SERIES BEGINS INTRODUCTION OF
(TWO TYPES OF U.S. CURRENCY WILL BE IN
Copyright © 1999 International Association for Property and Evidence, Inc. Reprinted from the Evidence Log, Volume 1995, Number 4, Page 13 |
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