Fed study suggests fewer fake dollar bills are in circulation
Research suggests number of counterfeit notes has fallen eightfold since 2006
The number of counterfeit dollar bills in circulation has drastically fallen over the past 20 years, research by the US Federal Reserve Board has found.
The study by Ruth Judson, senior economic project manager at the Fed’s global financial flows division, puts the number of fake notes at around one in 80,000. This is in stark contrast with the much higher estimates from 2006, when the Treasury estimated that one in every 10,000 notes was a counterfeit. This was the last year in which the
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