Cutting Down on Counterfeiting
By Tom Shoop | Thursday, October 26, 2006 | 10:51 AM
By Tom Shoop | Thursday, October 26, 2006 | 10:51 AM
The new U.S. currency designs introduced a decade ago are apparently achieving one of their intended goals: to cut down on counterfeiting. The Federal Reserve Board and the Secret Service reported yesterday that while more than half of circulated U.S. banknotes are held in other countries, only about one note in 10,000 is counterfeit.
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Government Executive Editor Tom Shoop takes a look at news and events affecting the federal bureaucracy, from the perspective of a longtime observer of government.
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