Detection of Fake Currency using Machine Learning Technique

International Journal for Research in Applied Science and Engineering Technology, 2021

The Currency Recognition System was developed for the purpose of fraud detection in paper currency, so this system is u sed worldwide. The uses of this framework can be recognized in banking frameworks, cash observing gadgets, cash trade frameworks. This paper proposes an automatic paper currency recognition system through an application developed using Machine learning Algorithms. The algorithm implemented is simple, robust and efficient.

International Journal of Engineering Research and

The main objective of this project is fake currency detection using the image processing. Fake currency detection is a process of finding the forgery currency. After choose the image apply preprocessing. In pre-processing the image to be crop, smooth and adjust. Convert the image into gray color. After conversion apply the image segmentation. The features are extracting and reduce. Finally compare the image into original or forgery.

International Journal for Research in Applied Science and Engineering Technology, 2021

The Currency Recognition System was developed for the purpose of fraud detection in paper currency, so this system is u sed worldwide. The uses of this framework can be recognized in banking frameworks, cash observing gadgets, cash trade frameworks. This paper proposes an automatic paper currency recognition system through an application developed using Machine learning Algorithms. The algorithm implemented is simple, robust and efficient.

International Journal for Research in Applied Science & Engineering Technology (IJRASET), 2024

This project aims to develop a robust fake currency detection system leveraging image processing and machine learning techniques. Data cleaning involves image quality enhancement and handling of torn or dirty notes. The experimental setup includes a digital camera in a controlled lighting environment to capture currency images. MATLAB is used for software setup due to its extensive libraries.

International Journal for Research in Applied Science & Engineering Technology (IJRASET), 2022

Counterfeit money has always existed an issue that has caused many problems in the market. Technological growth development has made it possible to create extra counterfeit items which are distributed in the mitigation market the global economy. Bangui existing banking equipment and so on trading sites to check the authenticity of funds. But the average person does not do that have access to such systems and that is why they are needed in order for the software to receive counterfeit money, which can be used by ordinary people. This the proposed system uses image processing to find out if the money is real or fake. System built uses the Python system completely language. It contains similar steps grayscale modification, edge detection, separation, etc. made using appropriate methods.

— The issue of efficiently distinguishing counterfeit banknotes from genuine ones via automatic machines has become more and more important. This proposed system describes an approach for verification of Indian currency banknotes. Fake Indian currency of 100, 500 and 1000 rupees seems to have flooded the whole system and there is no proper way to deal with them for a common person. There is a need to design a system that is helpful in recognition of paper currency notes with fast speed and in less time. The recognition system is composed of two parts. The first is preprocessing, including detecting edges, compressing data dimensionalities, and extracting features. The second one is comparison with the pre stored database. The result is displayed by the glow of led. In order to make system complete, we need to maintain a database for storing the characteristics of the currencies.The result will be whether currency is genuine or counterfeit and the efficiency of our system is approximately 95% which can be further increased using more advanced techniques and researches. Furthermore, some related applications and the suggestions of the further work are discussed.

International Journal for Research in Applied Science & Engineering Technology (IJRASET), 2022

The use of technology has grown tremendously within the few years it has made it easier to have access to advanced printing equipment in the industry which resulted in color printing of currencies to produce counterfeit notes across the country. To eliminate such unethical activities of printing counterfeit currency it is mandatory to make a system that detects the fake currency, In systems such as a money exchanger for example ATMs and vending machines, counterfeit currency notes must be detected beforehand exchanging process takes place. In the past, there have been similar systems developed based on methods such as image processing techniques that are done on the Matlab platform and other such platforms these methods possess some limitations including being less efficient and time-consuming. Our system is designed to eliminate all of the above problems through the use of deep learning techniques by detecting the features of currencies and determining whether its fake with a great accuracy rate. our proposed system verifies the Indian currency notes using Deep learning, deep learning helps in extracting meaningful information from the dataset fed into the machine using a set of methods to perform the classification of images. Our project makes use of the deep learning framework TensorFlow and its high-level API Keras which simplifies the creation of the model making it easier to achieve a less time-consuming and accurate model.

Academia.edu, 2025

The circulation of counterfeit currency poses a persistent threat to financial security and public trust. This study proposes a MATLAB-based counterfeit detection system that integrates machine learning and classical image processing techniques to distinguish genuine Indian currency notes from fraudulent ones. The system comprises a structured pipeline involving grayscale conversion, edge detection, region segmentation, and feature extraction. Both first-order and second-order statistical features are used to construct a robust feature vector for each input image. These vectors are classified using a Support Vector Machine (SVM), trained on labeled datasets of real and fake notes. Unlike hardware-intensive detection solutions, this software-centric approach ensures affordability, accessibility, and adaptability. The proposed framework is suitable for deployment in academic, research, and low-resource environments, offering a promising alternative to traditional methods.

2020

1PG Student, Dept. Of Computer Science and Engineering, Lingaya’s Vidyapeeth, Faridabad, India 2Assistant Professor, Dept. Of Computer Science and Engineering, Lingaya’s Vidyapeeth, Faridabad, India ---------------------------------------------------------------------***---------------------------------------------------------------------Abstract This paper developed a computer vision based approach for Indian paper currency detection. In this approach, extract currency feature and develop an own datasets used for the currency detection. By using feature extraction method of front and back side Rs. 200 denomination security feature of Indian currency note. The mainly use ORB (Oriented FAST and Rotated BRIEF) and Brute-Force matcher approach to extract the feature of paper currency, so that can more accurately detection the denomination of the banknote both obverse and reverse. Our main contribution is through using ORB and BF matcher in OpenCV based, the average accuracy of detectio...

International Journal of Research, 2015

Two qualities of Indian paper money are chosen for fake discovery included recognizable proof imprint and coin serial number. The attributes extraction is performed on the picture of the coin and it is contrasted and the qualities of the certified money. The money will be checked by utilizing picture preparing methods. The procedure of shrewd edge discovery calculation is utilized for edge recognition. The methodology comprises of picture handling, dim scale change, edge recognition, picture division, trademark extraction, looking at pictures. Keywords: Fake currency; Canny Operator; Digital image processing; imitation detection.