Counterfeit Banknote Detection & Counting

Anuarulnam, Ramli (2013) Counterfeit Banknote Detection & Counting. Project Report. UTeM, Melaka, Malaysia. (Submitted)

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Abstract

Nowadays, money is one of the basic needs for survival. This is because most of the transaction nowadays is using the money. In Malaysia, the currency used is Ringgit Malaysia. Ringgit Malaysia has evolved to increase the safety and use of money in accordance with the latest developments and Bank Negara Malaysia has issued a fourth series of Malaysian currency. However, even though the currency has released the fourth series of banknote still have a party or individuals was making or printing counterfeit money although not less than a year, whereas the new currency introduced. This is evidenced by the discovery of a new series of counterfeit money by the banks and has been published in local newspapers on 21 November 2012. Due to that, this project is to make a device are intended to help consumers or traders to not be deceived by counterfeit money. For those who less concerned about the security features available on the currency, this device will automatically detect the originality of money, so the problem would not arise if the user doesn’t know about the existing security features of the money. UV light is the use of this device to show the difference between original and fake banknote because an original banknote has a mark that will reflected by UV light and Image processing by using Matlab is used to process the image of the banknote and the result will be shown in Matlab GUI. This device also can count the amount of banknote automatically and save the counted amount in one day.

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