An automatic recognition of fake Indian paper currency note using MATLAB

Counterfeit notes are one of the biggest problem occurring in cash transactions. For country like India, it is becoming big hurdle. Because of the advances in printing, scanning technologies it is easily possible for a person to print fake notes with use of latest hardware tools. Detecting fake notes manually becomes time-consuming and untidy process hence there is need of automation techniques with which currency recognition process can be efficiently done. Many techniques have been proposed with the use of MATLAB, feature extraction with HSV color space and other applications of image processing. We have implemented a fake note detection unit with MATLAB algorithm. This paper is a based on the same project to give solution for fake currency problem.

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