Novel Optical Trick Creates Ultra-Secure Cash

Re:Novel Optical Trick Creates Ultra-Secure Cash by cmarshall on Tuesday December 13, 2011 @08:21AM (#3347378)

The polymer notes[1] we use in Australia (and also print for several other countries) have been around for about 18 years now and have very low rates of counterfeiting due to the number of security features built in[2].

The notes do cost more to produce, but the extra durability means that they last about 4 times as long (from memory) in circulation, so overall the cost difference is marginal for the government, but is an additional deterrent for counterfeiters.

[1] http://en.wikipedia.org/wiki/Polymer_banknote [2] http://www.rba.gov.au/banknotes/counterfeit/index.html

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Re:Novel Optical Trick Creates Ultra-Secure Cash by eli on Tuesday December 13, 2011 @11:49AM (#3348077)

I just read an interesting article about Canada borrowing the polymer from the Australia. I didn't realize that until very recently, Canada had a really serious counterfeiting problem.

http://www.theglobeandmail.com/report-on-business/economy/cu...

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Re:Novel Optical Trick Creates Ultra-Secure Cash by mattwdelong on Tuesday December 13, 2011 @12:24PM (#3348273)

I just received a polymer $100CAD bill the other day, I thought it was pretty bad ass. I had no clue that it was produced in Australia, and that this technology has been in circulation for a couple decades.

I do notice that when I had the when the bill was in my wallet that has a money clip (I hate big wallets), and when sat on, it produced a visible crease that's not as prevalent in the fiber notes along side it. Overall, I do see it as being more durable.

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Re:Novel Optical Trick Creates Ultra-Secure Cash by GFischer on Tuesday December 13, 2011 @11:23AM (#3347954)

I fell for a fake Polymer banknote while on holidays in Brazil (the same Ten Reais banknote seen on Wikipedia).

As the top post said, it only needs to fool a human, not be perfect.

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Re:Novel Optical Trick Creates Ultra-Secure Cash by anamax on Tuesday December 13, 2011 @12:47PM (#3348390)

> have very low rates of counterfeiting due to the number of security features built in

Is it the security measures, or does the (relatively) small number of places where one can pass Australian currency result in fewer attempts?

US currency is somewhat familiar in a large number of countries, so there are lots of opportunities to get someone to take counterfeits.

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