|
2002-06-20
I read with great interest your article. What really
caught my attention was the following paragraph:
Oh, and remember those humble $1 bills that our counterfeiters don't bother with? They're quite popular in Colombia, where the bad guys bleach them, then print fresh $100 notes on them. The Secret Service and Colombian authorities recently seized $41 million in bogus U.S. currency in Bogot�.
Could you explain to me how colouring the money will prevent this? As long as the one dollar bill remains in circulation, this will happen. Wouldn't this be the perfect opportunity to cease printing the one dollar bill and replace it with the Sacagewea dollar coin? Or isn't someone in our government clever enough to figure that out?
Also, in the case of the Euro, and I'm sure some other currencies follow suit, the size of the bill changes as the denomination increases. The 200 � note is larger than the notes less than it. There is no one and two euro notes, they exist only as coins. A counterfeiter could not bleach a 5 � note and overprint it with a 200 � note. The size difference renders this type of cheating impossible.
Why doesn't this country come up with common sense solutions, not these half-ass solutions that won't work? The changes made in 1996 were suppose to prevent counterfeiting and it appears they didn't. The new proposed changes won't even put a dent in it either. It is all a waste of resources and time. Either make sensible changes or don't bother changing anything at all. It just makes us look like fools.
John
|
