Banknote design for retailers and public
Hans de Heij · RePEc: Research Papers in Economics · 2010
Two stakeholders of banknote design are discussed, retailers and the general public. A retailer on average receives around 120 banknotes a day. A security check should be effected in less than two seconds and avoid discussion with the client. A private person on average receives one or two banknotes a day. For the public the probability of receiving a counterfeit is low and confidence in receiving genuine banknotes high. On the whole, people in the Netherlands are familiar with two security features, the watermark and the holographic stripe. In daily practice the public is not willing to verify a banknote, but if they do, it should be done within 6 seconds. A 'negative' stakeholder is the counterfeiter. They target the retailer and create counterfeits with UV features that look similar to - or even better - than a genuine euro banknote.