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U.S. Agents Meet With Uruguayan Banking Officials to Discuss Counterfeit Detection and Deterrence


Posted: July 15, 2005

USSS agents Davis and Velez discuss counterfeit detection and deterrence with Uruguayan banking officials. (U.S. Embassy photo by Vince Alongi)
USSS agents Davis and Velez discuss counterfeit detection and deterrence with Uruguayan banking officials.
Agents Kennie Velez (left) and Nathaniel Davis (middle) pictured with Uruguay-s Central Bank treasurer Daniel Torres. (U.S. Embassy photo by Vince Alongi)
Agents Kennie Velez (left) and Nathaniel Davis (middle) pictured with Uruguay's Central Bank treasurer Daniel Torres.
In March 2005, the appearance of new counterfeit Federal Reserve Notes (FRNs) known for their high quality as "supernotes" was detected in Peru. The notes in question bear a specific production date and serial number, which corresponds to a valid currency issue.

"Supernotes" represent, however, a negligible percentage of counterfeit U.S. currency. Statistics continue to indicate that the amount of counterfeit U.S. dollars worldwide is less than one (1) percent of genuine bills, and that "supernotes" are a minor fraction of that amount.

United States Secret Service agents Nathaniel Davis and Kennie Velez from the Miami Field Office arrived in Montevideo and met July 13 with Uruguayan banking officials to discuss detection and deterrence of these new counterfeit FRNs.

The banks inform that detection measures in Uruguay have been highly efficient in preventing the introduction of these counterfeit notes in spite of the large amounts of U.S. currency handled in the country. All U.S. currency is readily accepted by Uruguayan banks and so far only four (4) bills have been confirmed to be counterfeit "supernotes". The Central Bank in Uruguay estimates that the deterrence level is high because successful coordination with local banks prevents further circulation of suspicious notes.

For more information on detecting counterfeit U.S. currency, please visit the United States Secret Service website at: http://www.secretservice.gov/know_your_money.shtml


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