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.
Currency identification is the application of systematic methods to determine authenticity of questioned currency. However, identification analysis is a difficult task requiring specially trained examiners, the most important challenge is automating the analysis process reducing human labor and time.In this study, an empirical approach for automated currency identification is formulated and a prototype is developed. A two parts feature vector is defined comprised of color features and texture features. Finally the banknote in question is classified by a Feedforward Neural Network (FNN) and a measurement of the similarity between existing samples and suspect banknote is output.
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