The Dark Side of Currency: Understanding Counterfeit GBPIntro
Counterfeiting has been a problem as old as currency itself. Over the last few years, the occurrence of counterfeit British Pounds (GBP) has raised considerable concerns for both consumers and the financial system. This short article looks into the intricacies of acquiring counterfeit GBP, the underlying reasons for its flow, the influence on the economy, and ways to protect oneself from becoming a victim.
What is Counterfeiting?
Counterfeiting refers to the illegal production of currency created to imitate legitimate money. The most commonly counterfeited currency consists of banknotes and coins. The Bank of England invests heavily in security features to protect GBP against counterfeiting