Device to detect counterfeit notes developed

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Jasim Uddin Haroon
Local computer engineers have developed a device for easily identifying counterfeit notes during transactions in the banks, shops and other business places.
Local computer graduates working with the Visual Magic Corporation Limited, a Japanese device manufacturing company, developed the devices.
The device is cheaper and time-befitting as the country's banks, financial institutions and general consumers often face problem in detecting fake local currency notes during transaction.
The company is displaying its unique device at the fair of Bangladesh Association for Software and Information Services (BASIS) being held at the city's Bangladesh China Friendship Conference Centre.
Currency Checker, a device developed by the company, is worth Tk 3000 each. It can easily check fake notes through verifying ink properties of the notes.
"The fake notes are so deceitful that magnifying glass cannot differentiate between original and counterfeit notes," Mohammed Kamruzzaman, managing director of the Visual Magic Corporation Limited, told the FE Friday.
Every original Tk 500 denomination note has 'Bangladesh Bank' in micro print on the left side, which is not visible.
"Our devices can easily read it and differentiate fake note through the currency checker," Kamruzzaman added.
He also said his company has another device that can check counterfeit notes while sorting by money counting machines in banks, financial institutions, super stores and others.
Money counting machines only sort out money, but it cannot differentiate between original and fake notes.
"Our device named as E-scanner can easily detect fake notes while counting large amount of money. It will be very helpful for banks, financial institutions and business outlets," Kamruzzaman added.
He also said the prices of the E-scanner for a single pocket system will be Tk 200,000, three-pocket system Tk 500,0000 and multi-pocket systems Tk 1.5 million.
Officials at the company claimed that the prices would be much lower once the government support was given on imports of raw materials.