The impact of methods and means of combating counterfeit banknotes on economic security

Abstract

The financial system plays a key role in economic development, ensuring high living standards and stable business activity. Money contributes to economic growth, but, at the same time, it also stimulates illegal actions aimed at their appropriation. The cases of counterfeiting that appeared with the minting of the first coins are gradually evolving due to technological innovations. Modern criminals use advanced methods of counterfeiting money, which presents significant difficulties even for the most advanced detection systems. Scammers focus on popular currencies such as the ruble, the US dollar and the euro, which leads to large-scale criminal activity, reaching the global level. Despite the efforts of law enforcement agencies and banks, criminal elements continue to find new ways to deceive, circumvent protective measures, and create difficult-to-recognize fakes, thereby posing threats to the country's economic security. To protect the monetary system of the state, banks and other organizations began to implement multi-level measures to counter criminal activity. Therefore, the article analyzes the impact of methods and means of combating counterfeit banknotes on economic security in the modern world.