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#1
October 29th 04, 03:49 PM
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Japan goes high-tech to try and stop counterfeit currency
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#2
October 29th 04, 07:18 PM
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In article ,
John Stone wrote: http://www.hindustantimes.com/news/181_1079936,00020008.htm http://www.reuters.co.uk/newsPackageArticle.jhtml?type=worldNews&storyID=61 1842§ion=news has the Reuters article. Japan tackles counterfeiting with hi-tech Fri 29 October, 2004 09:54 By Tamawa Kadoya TOKYO (Reuters) - Holograms and kaleidoscopes of shimmering colours will be part of Japan's latest hi-tech response to the growing number of banknote counterfeiting cases troubling authorities. ... The new notes -- the first major overhaul in 20 years -- will feature holograms, watermarks and latent images, where the word "Nippon" (Japan) can be seen on the reverse when the notes are slanted at a specific angle. Iridescent pink ink will be used on the borders of the bills, and the Chinese characters for "1,000 yen" will appear in pink when the bill of that value is tilted a certain way. ... While the BOJ [Bank of Japan] may have hoped the notes were foolproof as well as in tune with the times, however, officials were left red-faced earlier this month when a stolen test print of the new 1,000 yen bill came up for auction on an Internet site. The bill attracted a nominal bid of around $89 million before the auction was cancelled. -- Tim McDaniel; Reply-To:
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