FAKE CURRENCY DETECTION USING DEEP LEARNING
International Research Journal of Modernization in Engineering Technology and Science · 2023
In recent years, many counterfeit banknotes have been issued, causing great damage and loss to the society.Therefore, we need to develop tools to detect fake currency.In this project, we propose an image-based approach to detect counterfeit banknotes in circulation in Japan.Our project provides not only the mobility and compatibility that most people need, but also reliable detection accuracy for counterfeit money.Detecting counterfeit currency is a serious global problem, affecting the economies of almost every country, including India.Currency duplication is a vulnerable threat to the economy.Significant advances in technology in the scanning and printing industries exacerbates the counterfeit problem.By virtue of this, counterfeit cash impacts the economic system and devalues the real currency.Therefore, detecting counterfeit money is very important.Most of the earlier methods used are based on the hardware techniques and the image processing technology.Identifying the counterfeit money using these methods are ineffectual and also time-consuming.To overcome these negativities, fake money detection using machine learning concepts has been proposed.Our work will identify the counterfeit money by examining the currency images.Using this machine learning technique, we build a counterfeit currency detection system that detects fake and real currencies.Counterfeit currency detection system, as the name suggests, check whether the banknotes someone gave you are real or counterfeit.This system is very useful as the circulation of fake money is increasing day by day.Therefore, we need a system to prevent this.This system is available to banks and the general public.This allows banks to distinguish between counterfeit and genuine banknotes.This can also be used to prevent ordinary people from becoming thugs.