FAKE CURRENCY DETECTION USING MATLAB

Abstract:

The main objective of this project is fake currency detection using the image
processing. Fake currency detection is a process of finding the forgery
currency.In processing the image to be crop, smooth and adjust. Convert the
image into gray color. After conversion apply the image segmentation. The
features are extracting and reduce. Finally compare the image into original or
forgery.

Introduction:

Counterfeit notes in the new design of Rs 500 which was introduced in 2016,
increased by 121.0 per cent, while for Rs.2000, it increased by 21.9 per cent
during 2018-19 as against the previous fiscal, as per data sourced from RBI’s
annual report of 2018-19. The denomination of Rs 200, which was introduced
in August 2017, saw 12728 counterfeit notes being detected from 79 during the
previous year.
So there should be efficent measures to check forgery notes.

The system consists of eight steps including image acquisition, grey scale
conversion, edge detection, feature extraction, image segmentation,
comparisons of images and output.

Overall Algorithm:
A. Image of paper currency will be acquired by simple scanner or digital
camera.
B. The image acquired is RGB image and then it will be converted into
gray scale.
C. Edge detection of the whole gray scale image will be performed.
D. After detecting edges, the four characteristics of the paper currency will
be cropped and segmented.
E. After segmentation, the characteristics of the paper currency will be
extracted.
F. The characteristics of test image are compared with the original pre-
stored image in the system.
G. If it matches then the currency is genuine otherwise counterfeit.
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References:
https://ieeexplore.ieee.org/document/7915945/references#references
https://github.com/radonys/Fake-Currency-Detector/blob/master/FCD.m