United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1996-02-26 monographic deposited born digital 78 p. GA 1.13:GGD-96-11 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-96-11 P0b002ee1803932e2 f:gg96011 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GGD-96-11 machine generated eng fdlp REPORT GAOREPORTS-GGD-96-11 GGD-96-11 Currency losses Currency and coinage Crimes or offenses Foreign governments Intelligence gathering operations Forgery International Counterfeiting Deterrence Act Letter Report GGD Pursuant to a congressional request, GAO provided information on counterfeiting of U.S. currency abroad and U.S. efforts to deter these activities.<p/>GAO found that: (1) counterfeit U.S. currency is used for economic gain and illegal activities, such as drug trafficking, arms sales, and terrorist activity; (2) there are several techniques used to counterfeit U.S currency, including photocopying, the raised note technique, computer assisted printing, bleaching and reprinting, and photomechanics; (3) the offset printing method offers the highest quality of counterfeit notes and can only be detected by experienced bank tellers; (4) it is difficult to determine the extent of counterfeiting abroad because of the lack of accurate counterfeit detection data and foreign officials reluctance to view counterfeiting as a serious problem; (5) of the $380 billion in U.S. currency circulated in fiscal year 1994, $208.7 million was counterfeit, which represented less than one one-thousandth of U.S. currency in circulation at that time; and (6) the U.S. government is involved in various counterfeit deterrence activities, including redesigning U.S. currency, increasing the presence of the Secret Service and the exchange of information abroad, and seizing the production and distribution capabilities used in counterfeiting of U.S. currency. https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-96-11/html/GAOREPORTS-GGD-96-11.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-96-11/pdf/GAOREPORTS-GGD-96-11.pdf GAO/GGD-96-11 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-96-11 Letter Report GAO/GGD-96-11; Counterfeit U.S. Currency Abroad: Issues and U.S. Deterrence Efforts; Currency losses Currency and coinage Crimes or offenses Foreign governments Intelligence gathering operations Forgery International Counterfeiting Deterrence Act Public Law 103-322