Currency security and forensics: a survey

Jarrett Chambers, Wei Qi Yan, Abhimanyu Singh Garhwal, Mohan S. Kankanhalli

Abstract: By its definition, the word ‘currency’ refers to an agreed medium for exchange, a nation’s currency is the formal medium enforced by the elected governing entity. Throughout history, issuers have faced one common threat: counterfeiting. Despite technological advancements, overcoming counterfeit production remains a distant future. Scientific determination of authenticity requires a deep understanding of the raw materials and manufacturing processes involved. This survey serves as a synthesis of the current literature to understand the technology and the mechanics involved in currency manufacture and security, whilst identifying gaps in the current literature. Ultimately, a robust currency is desired.