Tag: The Decline of Paper Money

NOVANEWS By William Harrison Global Research Governments around the world have been fighting counterfeiters for several centuries. Eventually, the combined efforts of law enforcement agencies, banknote printing and minting works led to the fact that cost of fake money was high for most of the 20th century. Then, the complexity of the process and the severity of punishment prevented counterfeiting from becoming a truly popular criminal industry. The volume of production of counterfeit money never reached the levels of the 18th and 19th centuries. Nevertheless, the world experienced a new surge of interest to forgery of money at the end of the 20th century. The spread of affordable office equipment made printing fake money easier. Accordingly, the number of counterfeiters also in...