Central African States' Bank Employs Mobile Technology to Combat Counterfeit Money
New Mobile Application Aids in Authenticating Central African Banknotes
The Bank of Central African States (BEAC) has launched a new mobile application named "BEAC NG2020" to combat counterfeiting and aid in the detection of counterfeit banknotes. The application is accessible for free on both the Apple App Store and Google Play Store, making it easy for users to verify the authenticity of the 2020 series banknotes on their Android and iOS devices.
The "BEAC NG2020" application is designed specifically for banknotes from the "Type 2020" series. It details the various security features embedded in these banknotes, such as watermarks, incomplete motifs, serial numbers, security threads, and impressions perceptible to the touch. These features are illustrated with detailed guides, helping users detect counterfeit notes effectively.
The application is intended for both the general public and financial professionals. For cash-handling professionals, such as merchants, commercial banks, and microfinance institutions, the app also shows how to authenticate notes by placing them under a UV lamp to see specific fluorescent features. Additionally, the app demonstrates how to authenticate notes by tilting them to observe the dynamic 3D motifs.
Counterfeiting is highly detrimental to the economy and individuals who are defrauded, according to BEAC. The "BEAC NG2020" application is a tool to intensify the fight against counterfeiting, educating users on banknote security features and providing interactive means to compare these features for authentication.
BEAC encourages the public and professionals to extensively use the "BEAC NG2020" application as part of a broader set of measures to ensure confidence in the currency it issues. The app is user-friendly, empowering even non-professionals to authenticate currency confidently.
In summary, the BEAC NG2020 app functions as a practical, accessible tool that supports BEAC's efforts to combat counterfeiting within the Central African Economic and Monetary Community (CEMAC) region. Users can compare the security features illustrated in the application with those on the physical banknotes, ensuring the authenticity of their transactions.
The BEAC NG2020 mobile application, available on both the Apple App Store and Google Play Store, provides comprehensive details about the security features of the 2020 series Central African banknotes, thereby enhancing mobile finance security and general-news relevance. By educating users on detecting counterfeit notes and offering interactive authentication methods, this technology-driven tool aims to bolster security in the finance sector and the general public alike.
