THE MOST AND LEAST COUNTERFEITED CURRENCIES

Suitcases of forged banknotes aren't just the stuff of heist movies and spy novels. Every day banks and governments are working hard to stop the fraudsters but some are more successful than others. Click or scroll through to see the countries with the least and most counterfeited currencies across the globe. First let's look at currencies that tend to avoid forgery. The Kiwi dollar (US$0.72) is one of the world's least counterfeited currencies. It only has one counterfeited note or coin per 1,000,000 in circulation. But although the Reserve Bank of New Zealand acknowledge they have low levels of forgery compared with other countries, they still keep an eye out to make their notes and coins as fake-proof as possible.

The New Zealand dollar is made of polymer (a type of plastic), which is designed to be harder to forge. And the notes have several security features to make them harder to counterfeit. Each note has two transparent windows: one is oval-shaped and has the denomination of the note embossed in it, and the other is in the shape of a curved fern leaf. A real note should have both windows there properly embedded in the note - if they look ‘stuck on', there may be a problem.

While the 2015 100 yuan ($14) note still features Mao Zedong, it's now printed with color-changing ink on the pattern of the number 100. The color changes from golden to green when the angle is adjusted. And a new security line on the right of the note changes from hot pink to green when the viewing angle is adjusted.

In late 2019, in another attempt to catch forgeries the central bank issued new 50 yuan ($7), 20 yuan ($2.90), 10 yuan ($1.40), and 1 yuan (14 cents) notes, which have the same color-changing ink as the 100 yuan ($14) notes, and the security line running down the middle. Despite all the government's efforts, it seems that there's still a high level of forged bank notes in China. Forged 100 yuan ($14) notes are sold for just 6 yuan (86 cents).

To read the complete article, see:
Fake money? The most and least counterfeited currencies around the world (https://www.msn.com/en-us/money/news/fake-money-the-most-and-least-counterfeited-currencies-around-the-world/ss-BB17skNT)

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