May 20th, 2012
Econintersect: Have you ever passed a counterfeit bill? Chances are you have, although Econintersect hopes it was inadvertent. Currency counterfeiting is something of a silent problem in the U.S. Few of us knowingly come across counterfeit bills very often, yet they’re most definitely out there. According to the estimates of some economists, the total amount of forged currency in circulation in the US right now could be as much as $220 million. In fact, the United States has the most widely counterfeited currency in the world, with at least as much funny U.S. cash being intercepted abroad as domestically. Follow up:
Follow up:So what’s the story behind the on-going struggle against this particular kind of fraud? When and how did the fight to maintain currency credibility begin? Where are the world’s biggest counterfeiting hotspots? What sort of measures have been employed to deter forgers? How big is the impact of counterfeiting when compared with other white-collar crime? These are some of the questions that this infographic from IronFX will set out to answer.
Click twice on info graphic for larger image.