CBCDG reports progress on banknote security

The Central Bank Counterfeit Deterrence Group (CBCDG) has now developed the Counterfeit Deterrence System and discussed the progress in this area at the G10 meeting in Basel, 9 March.

In response to the threat of increasing use of personal computers and digital imaging tools in counterfeiting banknotes, the Governors of the G10 central banks authorised in May 2000 the development by a group of central banks of a system to deter PC-based counterfeiting. At their meeting in March 2004, the Gover