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Dear friends, through this article of Neoteric IT, you will know about the way to recognize real fake money . Counterfeit money is a major concern in Bangladesh, and distinguishing counterfeit from genuine bills can be difficult. Bangladesh Bank (BB) has issued guidelines for detecting counterfeit currency, but it is important to take extra precautions when handling large amounts of cash.
How to recognize fake money - recognize fake and real money - NeotericIT.com
How to recognize fake money
Here are some ways to spot fake and counterfeit money in Bangladesh:
See the watermark
The easiest way to detect fake money is to check the watermark. Real currency bills have a watermark that is visible when held up to light. In Bangladesh, the watermark on all notes is the portrait of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. If the watermark is missing or unclear, it may be a sign of counterfeit currency.
Check the security thread
Another security feature found in real coins is the security thread. This thread runs vertically down the bill and is embedded in the paper. The thread is visible when held up to the light and has the value of the note written on it. If the security thread is missing or unclear, it may indicate that the bill is fake.
Check the print quality
Real currency bills have crisp, clear print that is easy to read. Counterfeit coins, on the other hand, often have faded or faded printing. Check the text, numbers and symbols on the bill to make sure they are clear and legible.
Feel the texture
Original currency bills have a unique texture that is difficult to replicate. They are made of a special blend of cotton and linen fibers that give them a unique feel. If a bill looks too smooth or too rough, it could be a sign of counterfeit currency.
Pay attention to the serial number
Original currency bill serial numbers are evenly spaced and printed with the same color ink as the rest of the bill. If the serial numbers are unevenly spaced or printed with different colored ink, these may be signs of counterfeit coins.
Use a fake detection pen
Counterfeit detection pen is an easy and effective way to detect fake money. These pens contain ink that reacts with the starch of the paper used for original currency bills. If the ink turns brown or black, it is a sign that the bill is fake.
Compare the bill with an actual one
If you have any doubts about the authenticity of a bill, compare it with a real one. Look for similar security features and examine both bills closely. If there is any noticeable difference, it could be a sign of counterfeit currency.
Get help from an expert
If you still have doubts about the authenticity of a bill, seek professional help. Banks and currency exchange offices have trained staff who can detect counterfeit currency. They often use special equipment such as UV lights and magnifying glasses to detect counterfeit money.
Ways to recognize fake and counterfeit money
In addition to these tips, it's important to handle cash carefully and avoid accepting large amounts from strangers. Always count your money before leaving a transaction and immediately report suspected counterfeit currency to the police or your bank.
Counterfeit currency is a major problem in Bangladesh, and the authorities have taken several measures to combat it. Bangladesh Bank issues regular guidelines on how to detect counterfeit money and conducts training sessions for bank employees and law enforcement officers.
Despite these efforts, counterfeiters continue to find ways to create counterfeit currency that is difficult to distinguish from genuine bills. As a result, it is important for individuals and businesses to be cautious when handling large amounts of cash.
A common method used by counterfeiters is to bleach genuine low-denomination notes and print high-denomination notes on them. For example, a 100 rupee bill can be bleached and reprinted as a 500 rupee bill. This can make it difficult to detect fraud, as the watermark and security thread may still be intact.
Another method used by counterfeiters is to print bills that closely resemble real currency using high-quality printers and paper. These bills can be passed off as genuine for unsuspecting individuals or businesses.
To help counter these procedures, Bangladesh Bank has introduced several new security features in its currency. For example, the Rs 50 note now has a hologram with a 3D image of the National Martyrs' Memorial, while the Rs 1000 note has a hologram with a 3D image of the Bangabandhu Satellite-1.
Apart from these security features, Bangladesh Bank encourages individuals and businesses to use electronic payment methods whenever possible. Electronic payments are more secure than cash transactions, as they leave an electronic trail that can be easily traced.
However, there are still many situations where cash transactions are required, especially in rural areas where access to electronic payment methods may be limited. In this case, it is important to take extra precautions when handling cash.
One way to do this is to use a fake detection pen. These pens are widely available and cheap to buy. They work by detecting starch in the paper used for original currency bills. If the ink turns brown or black, this is a sign that the bill is probably fake.
Another way to detect fake money is to use UV light. Real currency bills have certain security features, such as fluorescent fibers and ultraviolet markings, that are only visible under UV light. Using a UV light, individuals and businesses can quickly identify counterfeit money that lacks these security features
Apart from these procedures, it is also important to be aware of the new security features introduced by Bangladesh Bank. The Bank regularly updates its guidance on identifying counterfeit currency, and individuals and businesses should try to keep up to date with these changes.
In conclusion, counterfeit currency is a serious problem in Bangladesh, but there are various ways to detect fake and counterfeit money. By being vigilant and using the tips outlined in this article, individuals and businesses can protect themselves from falling victim to fraud
Thanks for read the post. You can also read the article in bangla - recognize-fake-and-real-money
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