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Top 10 Hardest Currencies to Counterfeit in the World

7 months ago
in Business, Features, highlights, Home, home-news, latest News, Technology
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Top 10 Hardest Currencies to Counterfeit in the World

The war against counterfeiting necessitates constant innovation in security features embedded in bank denominations.

Fortunately, there are central banks across the globe that continue to stay ahead of the curve, via this initiative.

One of the first lines of protection against counterfeiting is the substance on which cash is printed. Traditional banknotes are produced from a special combination of cotton and linen fibers, distinguishing them from conventional paper.

There are also high-end options like holographic patches or strips.

These components include dynamic pictures that change or appear to move as the note is tilted. Some modern banknotes also include 3D security ribbons that display different pictures from various perspectives.

Bestbrokers, a platform that assists traders in making well-informed decisions when choosing a trading platform, noted that currency counterfeiting which averages millions of bills every year, has given more urgency to central banks to enhance their currencies with a variety of innovative security measures.

From holograms and concealed pictures to microprints and color-shifting inks, these aspects are intended to deter even the most expert fraudsters.

However, not all currencies have equal protection, as highlighted in Bestbrokers’ currency security ranking.

A money changer counts Japanese Yen notes in Singapore.THERESA BARRACLOUGH/AFP via Getty Images

A money changer counts Japanese Yen notes in Singapore.THERESA BARRACLOUGH/AFP via Getty Images

To establish which currencies are secure and which are most prone to counterfeiting, the currency experts at BestBrokers examined the 39 most traded currencies by value in 2022.

They found the highest-circulating banknotes in each country for 2023 and ranked them according to the amount of security measures.

They also determined how many counterfeit notes exist per million genuine ones in each country.

With that said, here are the most secured banknotes in the world, as per the BestBrokers report.

Top 10 hardest currencies to counterfeit in the world

RankCurrencyBanknote denominationNumber of security featuresYear issued in
1.Swiss Franc100201920
2.Indonesian Rupiah50,000202217
3.Euro50201716
4.Australian Dollar50201816
5.Polish Zloty200202215
6.Pound Sterling20202015
7.Romanian Leu50200515
8.Mexican Peso500201814
9.Thai Baht20202214
10.Japanese Yen10,000202413
Source: businessinsiderafrica
Via: norvanreports
Tags: 10 Hardest CurrenciesCounterfeitTop 10 Hardest Currencies to Counterfeit in the World

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