Bulletin – March Quarter 2017 Recent Trends in Banknote Counterfeiting Abstract

Counterfeiting banknotes is a crime under Australian law. Although counterfeiting in Australia remains modest by international standards, the rate of counterfeiting has been rising in recent years as counterfeiters have increasingly taken advantage of developments in printing and copying. To ensure that counterfeiting remains low and banknotes remain a secure payment method, the Reserve Bank of Australia is issuing a new series of banknotes with upgraded security features. This article discusses trends highlighted by the Reserve Bank’s ongoing monitoring and analysis of banknote counterfeiting activity in Australia.