Counterfeit Money Detection via Image Processing
Yusufa Shaikh , Meghana Dasari , Prof. Mote.A.G
1CSE, VVP Institute of Engineering and Technology
2 CSE, VVP Institute of Engineering and Technology
3 Professor, CSE, VVP Institute of Engineering and Technology
Abstract
The distribution of counterfeit currency is an ongoing issue that affects individuals and economies worldwide. Identifying counterfeit currency is a particularly difficult task for the general public, ordinary citizens are often unknowingly weak while dealing with fake deposits this not only results in personal financial loss but also it also causes inflation and undermines economic stability. Although banks have counterfeit detection systems, these systems are expensive and not accessible to the general public. Our business offers a cost-effective solution based on image processing and machine learning to detect counterfeit currency. By analyzing the main visual and shape-based features of the coin, our framework compares these attributes with authentic goldproven data. The method is designed to be affordable and accurate, and aims to empower individuals by providing them with an easy way to authenticate money, thereby reducing the spread of counterfeit money at in the community.
The proliferation of counterfeit currency is a critical issue that disrupts economic stability worldwide. Counterfeit notes not only inflict financial losses on individuals but also contribute to inflation, eroding public trust in the monetary system. Despite banks and financial institutions having access to counterfeit detection systems, these tools are often prohibitively expensive and inaccessible to the average citizen. This leaves ordinary people vulnerable to accepting counterfeit money during everyday transactions, perpetuating the problem.
Our project addresses this challenge by developing an innovative and accessible solution using advanced image processing and machine learning techniques. The system is designed to analyze the physical and visual features of currency notes and coins to differentiate between authentic and counterfeit specimens.
