A great concern for all Argentines continues to be the US dollar. That’s why this is going to interest you.
In Argentina, the majority of savers continue to opt for US dollar as a store of value. This is due to the monetary fragility of the peso and the fear of possible devaluations. However, the currency market is illegal, therefore most of the buying and selling takes place on the street, in cash.
This type of transactions generates the vulnerability that they may appear fake bills. That is why it is important to follow all the security measures provided by official US monetary organizations. In any case, there is a new application for cell phones that detects counterfeit bills in a matter of seconds.
Cash Assist
What is the app that detects counterfeit bills?
The new application launched by the Federal Reserve is called Cash Assistand stands out for having among its functions a Denomination Detector, which allows users to use the camera of the mobile device to detect the bill and see the security measures present on it.
Another of its functions is the tilt verification simulator that allows you to manipulate a virtual bill by tilting the phone, which helps to observe security measures from different angles. At this time, the application is available for download on both Android and IOS.
Tricks to determine if the bills are original
In order to quickly identify counterfeit bills, it is necessary to know the security measures that authentic paper money has, among them the following stand out:
- Touch of the bill: Authentic banknotes have a distinctive texture. Touch it and compare it with a specimen that you know is genuine.
- Ticket color: examine the color. Real dollars have vivid, detailed color combinations, while fake dollars may appear faded or poorly printed.
- Portrait and borders: look at the portrait on the bill. On authentic dollars, the portrait is clear and detailed. Additionally, the edges of the real ones have well-defined fine lines.
- Serial number– Verify that the serial numbers are well spaced and in the correct style. The serial numbers on counterfeit bills are often misaligned and may have different colors.
- Rubbing: rub the bill on a white paper. Real bills should not leave marks or scratches.
- Watermark: looks for an image visible to the light that is formed by differences in the thickness of the paper. Counterfeits usually have very obvious or poorly imitated watermarks.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
