Finance

The world of money

What is it?

In the businesses of the mafia and smuggling groups, there has always been activity of the production of buying fake money and selling fake money; bills that are similar to the real currency of the country, without legal recognition by the State or governmental entity. This activity is considered illegal, meaning that its manufacture and use for purchase and sale is considered a scam activity or economic fraud. This fraudulent activity has had a transcendental history in the economic world, since it brings many consequences and social impact. With the development of new technologies it has been possible to scan and print banknotes, for this you need special equipment that allows you to obtain results as similar as possible to the original currency. . By virtue of this, many countries have implemented this technology to counterfeit banknotes, we then see how dollar and euro banknotes are the most frequently counterfeited, likewise it is said that high-denomination banknotes are part of the group of banknotes with the highest amount of counterfeit money, because they are almost undetectable.

How to counterfeit money?

The production of counterfeit money has been a practice that is recognized as ancient in the world, this is how we can see that. In some indigenous cultures, nuts were used as the original payment method, however, it has been described that in some places similar fruits circulated that in this case did not correspond to the form of payment, so it is inferred that it was fake money. Other practices in other places consisted of mixing metals, to create similar coins, on the other hand, the creation of severed coins was also practiced, which were lighter coins and did not have the same value as the currency that was circulating at that time. . Currently, with the development of new technologies, it has been possible to scan and print banknotes, for this you need special equipment that allows you to obtain results as similar as possible to the original currency. Additionally, the result of the banknote printing must undergo different processes in order to add the relevant security marks for each country, so that the result of this activity is practically undetectable.

Are there companies that are responsible for counterfeiting money?

To verify if the counterfeiting of money works, criminals print a small batch of banknotes to small commercial establishments and then to large stores, once the most realistic possible counterfeiting has been achieved, the services of distributors that put the counterfeit are hired In circulation, the distributors pay the counterfeiter an amount of money less than the value of the counterfeit note, that is, the distributor pays the counterfeiter for every twenty counterfeit notes received, to place on the market. This generates a high commission for these distributors who increase their earnings per batch of tickets received. This is a very meticulous job in which the distribution company studies all the public information that exists on the banknote, and analyzes the real banknotes, with currency experts.

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