Download PDF by National Research Council, Division on Engineering and: A Path to the Next Generation of U.S. Banknotes: Keeping

By National Research Council, Division on Engineering and Physical Sciences, Board on Manufacturing and Engineering Design, Committee on Technologies to Deter Currency Counterfeiting

ISBN-10: 0309105781

ISBN-13: 9780309105781

This can be certainly a notable booklet. it isn't for the informal reader. you want to have a true curiosity within the applied sciences of paper cash production. There should not many people. i'm faraway from complete, yet i've got discovered much and count on studying even more.

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Extra info for A Path to the Next Generation of U.S. Banknotes: Keeping Them Real

Sample text

THE IMPACT OF COUNTERFEITING Counterfeiting can have a number of kinds of impact on individuals, companies, financial institutions, and the nation that issues the currency. The most obvious impact might be expected to be economic. 01 percent of Copyright © National Academy of Sciences. All rights reserved. S. S. S. 17 Counterfeiting of banknotes is very small compared, for instance, with counterfeiting of credit cards or of branded goods. S. currency to achieve one of the lowest rates of counterfeiting of any major currency.

When this cost accrues to an innocent party—usually a retailer or service provider—it is in the best interest of any government to protect its citizens from this threat. Laws of the United States prohibit the spending or possession of counterfeits and require the reporting of the receipt of a counterfeit banknote. 24 With no compensation incentive, a pattern of complacency may have emerged, with many people and businesses willingly absorbing the monetary loss of the value of the counterfeit rather than taking the trouble to report it.

S. banknotes below that of other major currencies.

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A Path to the Next Generation of U.S. Banknotes: Keeping Them Real by National Research Council, Division on Engineering and Physical Sciences, Board on Manufacturing and Engineering Design, Committee on Technologies to Deter Currency Counterfeiting


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