A Review of Paper Currency Recognition System

Amol A. Shirsath · IOSR Journal of Computer Engineering · 2013

This paper presents the review of paper currency recognition system.It is applied in various field such as foreign exchange, automatic selling of things and in banks.The recognition system mainly consists of three parts.The image of interest is first pre-processed by reducing dimensionality and extracting the feature by applying image processing toolbox of MATLAB, known as feature extraction.The second part is currency recognition, where classifier such as neural network is used.And lastly the result is displayed.Recognition ability depends on the currency note characteristics of particular country and extraction of features.

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