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Why is the US$100 bill the most counterfeited? (lemmy.world)

submitted 4 days ago* (last edited 4 days ago) by War5oldier@lemmy.world to c/asklemmy@lemmy.world

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I mean, the 100 USD bill is NOT the highest valued bill in the world, that belongs to the former B$10000 bill (withdrawn) from Brunei (I'm serious, this exists) which is worth $7874 and yes it's a single bill, also converting to around £5803 & 6677€ respectively. Like why does this bill even exist when it's hard to encounter, given that Brunei is a petro-state, it comes as no surprise.

The second highest valued bill is Fr. 1000 ($1278) or £942 & 1084€ which isn't a surprise for Switzerland to have that due to how expensive it is over there. But, it's difficult to obtain even in Switzerland and has advanced security features making hard to counterfeit due to its high value (x12 times of $100) but they sell stuff that's over Fr. 1000 anyway so it makes sense for them to have that.

The reason why they are barely featured in crime movies or mentioned in real crimes relating to counterfeit money is because of their obscurity and the fact that they don't know both exist (but it does, although either really hard to get your hands on it or ceases to circulate) however still retains their face value. The Swiss Franc is deemed a "safe haven" currency while the US Dollar isn't.

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[–] Qzr@programming.dev 3 points 4 days ago

Not commonly used in daily interactions, so would draw a lot more scrutiny. Security features are usually checked more carefully for 200 CHF and 1000 CHF bills. Swiss francs are also harder to forge than other bills.

From Wikipedia:

According to the 2008 edition of Guinness World Records, the eighth series of Swiss franc notes is the most secure in the world with up to 18 security features including a tilting digit, which can only be seen from an unusual angle, a UV digit that can only be seen under ultraviolet light and micro text. According to their respective central banks, the rate of counterfeited banknotes as of 2011 was about 1 in 100,000 for the Swiss franc, 1 in 20,000 for the euro, 1 in 10,000 for the United States dollar and 1 in 3,333 for the pound sterling.

This was about the eighth series, we're currently using the ninth, which likely has even better security features.

Also US-Dollars obviously can be used in many, many more places around the world. CHF is only really used in Switzerland and Liechtenstein.