New Australian Notes

There have been severe increase of counterfeiting Australian currency, particularly with the $50 and $100 notes. In recent years, the Reserve Bank of Australia has reported detecting counterfeit bills with advanced security features, such as microprinting and holograms.

Counterfeiters typically use high-end printers such as Heidelberg or Man Roland presses, intaglio printing machines, lacquer cutters, and foil stamping machines to produce high-quality banknotes. Additionally, computer-controlled cutting machines are used to precision-cut the paper to match the exact dimensions of authentic currency.

Counterfeiters consume large amounts of paper, ink, and other materials to produce fake banknotes. They often source high-quality paper that mimics the texture and feel of real currency.

Australian banknotes have several advanced security features, including the Clear Window, which is a transparent panel built into the note, and the Federation Pavilion, which is a hologram foil strip that shimmers and animates when tilted. The Microprinted Text feature includes tiny writing that is difficult to read with the naked eye, while the Raised Printing feature involves raised images that can be felt when touched. Skimmers have managed to replicate some of these features by using advanced printing technologies, such as intaglio printing, and by sourcing high-quality materials that mimic the look and feel of real banknotes. They’ve also developed techniques to create convincing holograms and microprinted text. However, skimmers have successfully replicated the Clear Window feature by creating a thin, transparent film that mimics the real thing. For the Federation Pavilion hologram, they’ve used advanced laser engraving techniques to create a convincing replica. As for the Raised Printing feature, they’ve used specialized ink that creates a tactile sensation similar to the real banknotes.

During major events like sports championships or festivals, there tend to be an increase in counterfeiting activity. Additionally, some counterfeiters are known to target tourist areas,  visitors might be less familiar with Australian currency.

Statistics on Australian notes

Between 2017 and 2020, there was a significant increase in counterfeit activity in Australia, with a reported rise of approximately 25% in counterfeit incidents.

In 2019, there were about 245 discovered cases of counterfeit currency in Australia, resulting in losses of over $1.3 million. In 2020, the Reserve Bank of Australia detected over 15,000 counterfeit banknotes, with a total face value of around $750,000.

What are the most common denominations of New Australian Notes.

The $50 and $100 notes are consistently the most commonly counterfeited denominations in Australia. Counterfeiters tend to focus on higher-value notes to maximize potential gain

Skimmers tend to focus on the $50 and $100 notes because they offer the best balance between ease of reproduction and potential gain. These denominations are widely accepted and used in everyday transactions, making it easier for counterfeiters to launder their fake notes. Additionally, the profit margin is higher compared to lower denominations.The Reserve Bank of Australia regularly updates its security features to prevent counterfeiting. For example, the new series of banknotes introduced in 2016 includes advanced security features such as microprinting and holograms. however, some skilled counterfeiters have managed to produce high-quality replicas. counterfeiters have implemented advanced security features such as microprinting, holograms. Additionally, the new series of banknotes features a window thread that glows under UV light, just like the original notes

Sales and distribution of New Australian Notes

Counterfeiters often operate on the dark web, websites, encrypted messaging apps, and other secretive channels. Counterfeiters may also use street-level dealers to sell the fake currency, often targeting areas with high foot traffic, such as shopping districts or transportation hubs. They may also sell directly to businesses, such as convenience stores or restaurants, which might unknowingly accept the counterfeit notes as payment.

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