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2008 US Counterfeit-Deterrence Research

March 2, 2009

“The 2008 budget for counterfeit-deterrence research is $3.7 million. Most of that amount (99 percent) is the [Federal Reserve] Board’s contribution to the work of the Central Bank Counterfeit Deterrence Group (CBCDG), an organization of nearly thirty central banks operating under the auspices of the G-10 central bank governors with the purpose of combating digital counterfeiting. … The remainder of the counterfeit-deterrence research budget [$37,000] is for support of the work of the Reprographic Research Center, a state-of-the-art facility hosted by the National Bank of Denmark that the twelve member central banks use for adversarial testing of banknote designs and counterfeit-deterrence features.”

Source: 2008 FRB Annual Report: Budget Review (PDF).

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