The affordability and sophistication of scanners, color printers and copier systems have attributed to increasing inkjet counterfeiting of United States currency. The Treasury Department has initiated a program to maintain the integrity of the nation’s currency and to encourage a program of continuous development of innovative counterfeit deterrent technologies through cooperative efforts with the digital imaging industry and foreign central banks. Counterfeiting of banknotes is an international problem. To address counterfeiting issues and emerging technologies which can be used to counterfeit currency, the ACD has teamed together with expert representatives from the U.S. government, central banks of foreign countries, international law enforcement agencies, and digital imaging industry manufacturers to identify new technologies to aid in counterfeit deterrence, and in authenticating genuine U.S. currency. This cooperative team is dedicated to being alert to new technologies to combat counterfeiting, studying and recommending those technologies which can be incorporated into currency design series, and implementing decided upon technological solutions.
"Skilled" craftsman have long attempted to produce counterfeits on sophisticated printing presses, and have placed primarily larger denominations into circulation the world over. In recent years since the introduction of digital imaging technologies, the "unskilled" counterfeiter - even pranksters and students - have discovered the ability to use relatively inexpensive equipment to counterfeit currency notes. These notes frequently have a brief lifetime, but satisfy the immediate need - paying for gas with a bogus "Twenty" or making small purchases with a note run printed at home with an accurate inkjet.
The ACD is taking a look at advanced digital imaging technologies and creating solutions to deter counterfeiting by refining currency designs and security features. Beginning in 2003, a newer, next generation currency design is being introduced as the U.S. works to stay a step or two ahead of the counterfeiter.