Estimating the worldwide volume of counterfeit U.S. currency
Subtitle: data and extrapolation
By: Ruth Judson and Richard Porter.
Contributors: Porter, Richard.
Series: Finance and economics discussion series ;; 2003-52; Finance and economics discussion series (Online) ;; 2003-52.
Publisher: Federal Reserve Board
Published: 2003
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Counterfeits and counterfeiting -- United States.
Description: "The incidence of currency counterfeiting and the possible total stock of counterfeits in circulation are popular topics of speculation and discussion in the press and are of substantial practical interest to the U.S.  Treasury and the U.S.  Secret Service.  This paper assembles data from Federal Reserve and U.S.  Secret Service sources and presents a range of estimates for the number of counterfeits in circulation.  In addition, the paper presents figures on counterfeit passing activity by denomination, location, and method of production.  The paper has two main conclusions: first, the stock of counterfeits in the world as a whole is likely on the order of 1 or fewer per 10,000 in both piece and value terms; second, losses to the U.S.  public from the most commonly used note, the $20, are relatively small, and are miniscule when only counterfeit notes of reasonable quality are considered"--Federal Reserve Board web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 7/21/2004.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.