Fake Currency Detection Using Image Processing

Abstract

The one important asset of our country is Bank currency and to create discrepancies of money miscreants introduce the fake notes which resembles to original note in the financial market. During demonetization time it is seen that so much of fake currency is floating in market. In general, by a human being, it is very difficult to identify forged note from the genuine not instead of various parameters designed for identification as many features of forged note are similar to original one. To discriminate between fake bank currency and original note is a challenging task. So, there must be an automated system that will be available in banks or in ATM machines. To design such an automated system there is need to design an efficient algorithm which is able to predict whether the banknote is genuine or forged bank currency as fake notes are designed with high precision.