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.
agents Davis and Velez discuss counterfeit
detection and deterrence with Uruguayan
Agents Kennie Velez (left) and Nathaniel
Davis (middle) pictured with Uruguay's Central
Bank treasurer Daniel Torres.
"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
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
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