Funny Money.In the last 10 years, sophisticated color copiers, laser printers, digital scanners, and computer software have made many daily tasks fast and easy--including making phony paper money. In 1990, counterfeiters knocked off $1 million in phony U.S. money, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Department. Two years later counterfeiters produced eight times that amount. Fearful that $2 billion in fake money could circulate cir·cu·late v. cir·cu·lat·ed, cir·cu·lat·ing, cir·cu·lates v.intr. 1. To move in or flow through a circle or circuit: blood circulating through the body. 2. by 2000, the Treasury Department has struck back. In 1993, government researchers began to redesign U.S. paper currency for the first time in 70 years. The redesigned $100 bill was launched in 1996, the new $50 greenback greenback, in U.S. history, legal tender notes unsecured by specie (coin). In 1862, under the exigencies of the Civil War, the U.S. government first issued legal tender notes (popularly called greenbacks) that were placed on a par with notes backed by specie. in 1997. But for those accustomed to the look of old money, the new $20 bill introduced last October proved a real shock. It looks ... well, so different. And so is the science behind it (see "Greenback Science," right). "No design is ever 100 percent counterfeit-proof," says Ed Sheehan of the U.S. Bureau of Engraving and Printing Noun 1. Bureau of Engraving and Printing - the agency of the Treasury Department that produces currency Department of the Treasury, Treasury Department, United States Treasury, Treasury - the federal department that collects revenue and administers federal . "But the new notes are definitely harder for counterfeiters to duplicate." The new money-making science should put counterfeiters out of their funny business. |
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