What is the CBCDG?

The Central Bank Counterfeit Deterrence Group (CBCDG) is a group of 35 central banks and note printing authorities organized at the request of the Governors of the G10 central banks. Its mission is to investigate the common emerging threats to the security of banknotes, and to propose solutions for implementation by issuing authorities.

The CBCDG supports and deploys technologies that deter the use of digital equipment to counterfeit currency.

Why does the CBCDG combat the counterfeiting of currency?

The counterfeiting of currency is a crime. Counterfeit banknotes have no value.

While the overall economic losses to society are generally limited, the victims who suffer the most harm are individuals and businesses that receive counterfeit currency, because no one reimburses those who accept counterfeit notes. Counterfeiting currency can also undermine confidence in the payment system, making the public uncertain about accepting cash for transactions.