4 E_KYM 2011 _ Detection of Counterfeit Currency SINGAPORE

8/13/2019 4 E_KYM 2011 _ Detection of Counterfeit Currency SINGAPORE

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Monetary Authority of Singapore

KNOW

YOURMONEY

Detection of

CounterfeitCurrency


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CONTENTS

DETECTION OF COUNTERFEIT CURRENCY ....................... 3 4.1 Distinguishing Counterfeit Notes .................................................................. 3

4.2 Distinguishing $10,000 Portrait Specimen Notes ......................................... 3

4.3 Distinguishing Counterfeit Coins .................................................................. 4

4.4 Guidelines For Handling Counterfeit/Suspect Singapore Currency ............. 5


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DETECTION OF COUNTERFEIT CURRENCY

4.1 Distinguishing Counterfeit Notes

The security features incorporated in the genuine notes provide for visualidentification and authentication both by eye and by machine. Do not rely on a singlesecurity feature, instead check several security features during authentication. If indoubt, compare the suspected note with one of the same denomination that youknow is genuine.

There are usually easily detectable differences between a genuine note and acounterfeit one. Genuine paper does not reflect UV light and therefore does not glowwhen exposed to that light. The intaglio print gives the note the tactile feel of raisedprint.

A counterfeit note is usually printed on lower quality paper and has a smoothand waxy feel. The paper also usually glows under UV light.

The watermark on a counterfeit note is clearly visible without requiring thenote to be held against the light. It lacks the three-dimensional effect.

The micro-lettering is not present in a counterfeit note.

4.2 Distinguishing $10,000 Portrait Specimen Notes The Portrait specimen notes are not legal tender and hence command no

value. They can be distinguished from the circulation notes in three aspects:

The word SPECIMEN is printed in red across the front and back of thenotes.

Both sets of serial numbers are printed in red , (for the circulation notes,one set of serial number is in black and the other in brown); and

The prefix of the serial number is 8PN for the specimen notes.


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Design of $10,000 Portrait Specimen Note

4.3 Distinguishing Counterfeit Coins

Characteristics of Genuine Coins and Counterfeit Coins

Characteristic Genuine Coins Counterfeit CoinsTone A sharp ringing tone is produced

when the coin is dropped on ahard surface.

A dull tone is produced whenthe coin is dropped on a hardsurface.

Finish The relief of the design, letteringand characters on both theobverse and reverse are verysharp and defined.

The relief of the design,lettering and characters onboth the obverse and reverseare not distinct. The field ofthe counterfeit coin has manypit-marks and appears very

porous.


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Edge Well-defined and evenly spacedmilled edges.

The milled edges areunevenly spaced and notwell-defined.

SpecificationsThe specifications of the genuinecoins are within the standardtolerance of the gazetted coinsspecifications.

Specifications cannot be fullyachieved due to the differentmetallic composition.

The bes t way to learn about coun ter fei t co ins is to examine them and

com pare them w ith genuine co ins of the same type and date .

4.4 Guidelines For Handling Counterfeit/Suspect Singapore Currency Do not pass on or retain any suspect note/coin received - it is a

criminal offence under Section 489 (B) and (C) or Section 240 and 243of the Penal Code.

Take down particulars of the person who gave you the suspectnote/coin.

Do not cut the suspect note/coin or write anything on it. Authenticate with MAS if you are not sure whether the note/coin is a

counterfeit . Report counterfeit notes/coins to any police station or Commercial

Affairs Department. (For Banks) refer to Section 10 of the Banking Handbook issued by the

MAS.

4 E_KYM 2011 _ Detection of Counterfeit Currency SINGAPORE

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