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Diane Publishing Books
Estimating the Volume of Counterfeit U.S. Currency in Circulation Worldwide: Data and Extrapolation
Ruth Judson (au); Richard Porter (au)
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 report 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, it presents figures on counterfeit passing activity by denomination, location, and method of production. The report 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 genuine notes 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 counterfeit notes of reasonable quality are considered. Figure. This is a print on demand report.
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