Counterfeit money is one of the emerging problems today; have a huge impact on everyone’s life. Currently, counterfeit money is not only appearing on the market but also being publicly sold through social networks, especially in large denominations such as 500,000 VND and 200,000 VND. Many people are ignorant of the law, greedy to spend real money to buy fake money for consumption, abetting; making counterfeit money trade stronger. So how do recognize counterfeit money? How are people who produce, buy, sell, transport, and store counterfeit money handled? To clarify these questions, today, LSX Lawfirm will give you an article about “How to identify fake Vietnamese polymer money?“, as follows:
Legal grounds
Law on State Bank of Vietnam 2010
What is counterfeit money?
Accordingly, Article 17 of the Law on State Bank of Vietnam 2010 stipulates:
“The State Bank is the only agency that issues banknotes and coins of the Socialist Republic of Vietnam.”
Accordingly, counterfeit money is a currency not issued by the State Bank of Vietnam. It is created by organizations and individuals with the goal of profiteering. In terms of method, counterfeit money is very similar to real money. If you do not know how to identify you will simply be fooled.
Acts such as counterfeiting; transporting, storing, and circulating counterfeit money; … are prohibited by law (Article 23 Law on State Bank of Vietnam 2010).
How to recognize fake polymer money?
Accordingly, to the authorities, counterfeit polymer coins usually have the following series: 500,000 VND series DA, FC, PK, YF; 200,000 VND series EP, HW, HZ. IA, IW, JP, NM, OG, QQ, TQ, UI, YX, ZX; and 50,000 VND with PL series.
These counterfeit banknotes have visual features, patterns are not sharp; the positioning shape does not fit snugly; color-changing ink is printed with the image, pattern on the front; no color change effect like real money, and microscopic character arrays are smudged ink bands.
Large and small windows faked by punching holes in the paper in the shape of a window and covering both sides of the bill with nylon. When viewed under the ultraviolet lamp, the background of this paper is luminescent, the vertical series and the horizontal series are not luminescent.
In addition
Particularly, the PK series of the denomination of VND 500,000 counterfeits the embossed strokes at the denomination number cluster in the upper, left, and back corners of the bill. When viewed under an ultraviolet lamp, the printed number cluster fakes a weak luminescence.
Counterfeit money with a submerged silhouette is a simulation; unsophisticated; The letters and numbers on the lifeline are not clear, not sharp. The positioning image does not fit tightly, the white slots are not equal. Counterfeit money lightly stroked with a smooth feeling or has a rippled feeling but does not have the same buoyancy and roughness as real money.
Counterfeit money is fake with an ink element that changes color but does not change color, or has color change but not true to real money, has no Mirrodin element, or has gold emulsion but does not sparkle like real money.
Particularly, the cluster of denominations embossed on the large window is not as sophisticated as real money; in small windows, there is no hidden shape element.
So how to know what is real money?
Checking the money printing polymer material
Real coins print on polymer material, with high elasticity and durability. People can test the elasticity by holding the bill in the palm of their hand, when opening the real bill, it will be elastic to its original state. You can also pull, a slight tear at the edge of the bill, real money is very difficult to tear or stretch.
Counterfeit money mainly printed on nylon, so it does not have the characteristic elasticity and strength of polymers.
Look at the money in front of the light source
Looking at the money in front of the light source is the best way to distinguish. Accordingly, under the light source, it is possible to see the sunken silhouettes of counterfeit money, which usually not sophisticated; the letters and numbers on the lifeline are not clear and sharp; the positioning shape does not match…
Real banknotes have a sunken silhouette clearly visible from both sides, represented by many fine lines and bright white. The face value from 20,000 VND to 500,000 VND is the portrait of President Ho Chi Minh, The face value of 10,000 VND is the image of One Pillar Pagoda then.
Check out the embossed elements
Another way of visual inspection is to gently wipe the bill to check the embossment and roughness of the print on the portrait of President Ho Chi Minh, the national emblem, the denomination in numbers and words, the words “Social Republic of Vietnam”. Vietnam”, “State Bank of Vietnam”.
For fake money, when doing this action, we will see a smooth feeling, not rough like in real money, or a feeling of hand ripple due to stamping on the paper background, not due to the buoyancy of the print.
Check color change ink, safety wire, embossed image
People can tilt the money to check the ink changes color, the hidden image is floating on the money. Color-changing ink is only available in three denominations of 500,000 VND, 200,000 VND, and 100,000 VND, when observed, the ink will change from yellow to green or vice versa.
Security belt (Mirrodin element)
Iron strip (security wire) is only available in denominations of 500,000 VND, 200,000 VND, 100,000 VND, 20,000 VND, and 10,000 VND, is a yellow stripe running along the back of the banknote; the face value of 100,000 VND placed on the front. This Iriodin Band will sparkle with a metallic, denomination number or pattern when the bill tilted.
Counterfeit money may have an element of color change but not the correct color like real money; without Iriodin bands or with fake prints without glitter.
Transparent windows
The large window of the bill has an embossed denomination number, the small window with a hidden element is a transparent and sharp plastic background detail. When bringing the window close to the eye, looking through the window to a red light source (incandescent bulb, fire …) will see a hidden image around the light source.
Meanwhile, in counterfeit money, the embossed denomination numbers on the large window are not as sophisticated as the real money, in the small window there is no hidden image.
Use a magnifying glass and ultraviolet light
Users can use a magnifying glass to examine the array of micro prints created by the words “SBV” or “VN” or repeated denomination numbers, usually printed in the denomination area then.
How to make, store, transport, and circulate counterfeit money?
Counterfeit money strictly prohibited by law. Accordingly, making, storing, transporting, and circulating counterfeit money will handled criminally.
Accordingly, Article 207 – Penal Code 2015 as amended and supplemented in 2017 stipulates as follows:
“Article 207. Crime of making, storing, transporting, and circulating counterfeit money
1. Those who make, store, transport or circulate counterfeit money shall be sentenced to between 03 and 07 years of imprisonment.
2. Committing the crime in cases where counterfeit money is valued at between VND 5,000,000 and under VND 50,000,000, the offenders shall be sentenced to between 5 and 12 years of imprisonment.
3. Committing the crime in cases where counterfeit money is valued at VND 50,000,000 or more, the offenders shall be sentenced to between 10 and 20 years of imprisonment or life imprisonment.
4. Those who prepare to commit this crime shall be sentenced to non-custodial reform for up to 3 years or to between 1 and 3 years of imprisonment.
5. The offenders may also be subject to a fine of between VND 10,000,000 and 100,000,000 or have part or all of their property confiscated.“.
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Related questions
Counterfeiting is the act of printing, photocopying, drawing, copying, or by other means creating fake bills like real money, or real checks in order to make others mistakenly think they are real money. The offender may be involved in the entire process or it may be just a part of the counterfeiting process. At the same time, the degree of similarity to real money does not affect the determination of crimes. Fake money here can be Vietnamese money or foreign money.
Accordingly, to regulations, the act of possessing counterfeit money will be criminally handled. Depending on the value of the counterfeit money, violators can be handled with different sentences ranging from 3-to 12 years. However, if the value of counterfeit money is very small; deemed not dangerous to society; If the violator’s personal identity is good, based on Clause 2, Article 8 of the Penal Code, the violator may not be criminally prosecuted.
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