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This is a tell - tale sign of identifying a counterfeit money

How to Detect Counterfeit Euro Currency

Euro is the official currency of France. The currency was officially declared the Euro in the year 2002. Austria, Belgium, Finland, France, Cyprus, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Portugal, Netherlands, Slovenia, Spain, and Cyprus are among the countries that use the Euro as their currency.

Each of these nations’ currencies may be used in other member countries, although each has its distinct coin and banknote designs. A Euro consists of 100 cents. 

History of the French currency

The Franc was the official French currency. The Franc originates in the Carolingian Monetary system of the 8th century. The monetary system was in terms of gold and silver coins. The French Franc was introduced in 1795 after the French Revolution. 

Before introducing the Euro, replacing Franc in January 2002, it was administered by the Bank of France. It comprised 100 ‘subunits’ or ‘centimes’. The French currency has a long history which dates back to 600 years. 

What is the counterfeiting of money?

Counterfeiting cash or bank notes entails creating or producing a replica of the original money without the government’s legal approval. It is one of the earliest forgeries tactics used to fool the receiver. Its creation and dissemination are illegal. As a result, real money loses its value. 

The market’s strong movement of money raises food prices and products. The individual receiving the money never realises the ruse and loses all of the money. Furthermore, the beneficiary will be fined.

Today, numerous anti-counterfeiting mechanisms are in place to detect counterfeit money. Always double-check the money for authenticity. This blog is all about identifying a fake Euro.

How to identify counterfeit currency?

The counterfeit currency seized last year rose by more than 8% compared to 2021, which has become a severe problem in France and the European Union. Listed below are some of the ways to check a counterfeit Euro. 

  • The texture of the currency note: Check the currency texture whenever you get a banknote. A genuine banknote feels cracks and harsh texture. If the currency is smooth, it tends to be a counterfeit currency. The texture of the currency can be firmly felt underneath your fingers. 
  • Check the image & text: In the original banknote, the large image and large number are slightly raised. Your fingers can feel this slight projection. 
  • Check the smaller denomination: Check, the smaller denomination on each side of the currency note. The numbers on both sides should match up to form a complete print of the number. If there is a difference in matching numbers, it may be a counterfeit currency. 
  • Holographic Symbol: The banknote will shimmer with rainbow colours in a genuine Euro. The note may be counterfeit currency if it doesn’t show any holographic symbol.
  • Use testing Ink: If you doubt a banknote, use counterfeit testing ink. A genuine note will become green instead of purple. 
  • Tilt: Rotate the banknote. The silvery stripe depicts Europa in a transparent window, while the emerald number depicts a moving light effect.
  • Check the printing: Check the printing of the note. A sequence of small letters may be found in several locations on the banknote. A magnifying lens is required to read this micro print. The lettering is clear and not hazy. Certain special printing gives the banknotes a unique feel. 
  • UV light: Under special UV light, The little circles in the centre are yellow, whereas the big stars and other parts are orange. The € sign becomes more visible. 
  • Watermark on the banknote: Examine the banknote in the light. A portrait of Europa, the value, and the main picture appear. If it doesn’t seem to be a visible one, it may be a counterfeit currency.
  • Security Thread: Examine the banknote in the light. The security thread is seen as a dark line. The € symbol and the currency’s value may be seen in tiny white letters in that line.
Epilogue

Money forgery is against the law. It is illegal under all laws. Everyone must be accountable for verifying the cash after receiving it to avoid additional problems.

Remitforex is an online portal by Unimoni that allows you to send money to France from 300+ branches in India. Unimoni is the authorized dealer for purchasing EUR & other foreign currencies for your international travel. We are the RBI’s most trusted service supplier. All transactions are carried out in the safest and most secure platform. 

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