How Much Of Our Money Is Fake?

With newer technology everyday, counterfeiting money is getting easier and easier to print. So, how much of our money is fake?

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Although not as prevalent as it was pre-1862, when individual U.S. states printed their own currency, counterfeit money remains a problem even today. In a 2006 report, the U.S. Treasury Department estimated that about 1 in every 10,000 currency notes in circulation are counterfeit. To combat this, treasury officials print money with sophisticated physical qualities, such as color-shifting ink, watermarks, and tiny ridges.

In recent years, there have been a variety of plots to print massive amounts of fake currency around the world. In 2014, the FBI thwarted a plan to print over a million U.S. dollars in Uganda. That same year, Italian authorities confiscated a shipment from China containing more than half a million fake Euro coins. The U.S. has accused North Korea of printing "super dollars," notes that are printed on higher-grade paper than what is printed by the Federal Reserve. In total, U.S. officials estimate that there are $45 million super dollars in circulation, with some $15 to $25 million of those originating in North Korea.

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How Inkjet Printers Are Changing the Art of Counterfeit Money (TheAtlantic.com)
"The U.S. government recouped more than $88 million in counterfeit currency last year, and more than half of it was made on regular old inkjet or laser printers. "

Criminal Investigations (Secretservice.gov)
"The United States Secret Service is responsible for maintaining the integrity of the nation's financial infrastructure and payment systems. "

More Fake Euro Bills in Circulation Last Year (wsj.com)
"The European Central Bank on Monday said the number of counterfeit bills removed from circulation hit a three-year high in the second half of last year."

BUREAU OF ENGRAVING AND PRINTING