An Extensive Study on Currency Recognition System Using Image Processing
Georgie V. Rajan, Dincy M. Panicker, Nisha Elizabeth Chacko, J. Mohan, V K Kavitha · 2018
The need for currency recognition system is more relevant due to the advent of technology and machinery used to counterfeit the banknotes. There are many features to identify an authentic currency note physically. Although it may not be practical to accurately identify a counterfeit from an authentic currency note for a person. Several special features are included for strong security against counterfeit in the paper currency which only an intelligent machine can identify. We make use of this special visual properties and patterns to identify the original currency from a counterfeit. A system is applicable globally for the authentication of paper currency. Institutions like banks spend for expensive hardware and for their installation to resolve this issue of currency recognition. Image processing techniques are exploited for a better costeffective and highly efficient currency recognition system. Although image analysis is not sufficient for authentication, it makes the process easier and faster than the existing system and has easy availability.