What are we talking about?

In the businesses of the mafia and smuggling groups, there has always been activity of the production of Buy fake money and sell fake money; bills that are similar to the real currency of the country, without legal recognition by the State or governmental entity. This activity is considered illegal, meaning that its manufacture and use for purchase and sale is considered a scam activity or economic fraud. This fraudulent activity has had a transcendental history in the economic world, since it brings many consequences and social impacts.

Let’s talk about history

Initially, before the invention of paper money, this activity was based on the counterfeiting of the currency, so what the groups of counterfeiters did was to mix base metals to create coins that resembled the real currency that circulated in the country . Currently, the interest of the groups that are dedicated to this activity, is directed to the printing of counterfeit banknotes, which, nowadays with the technology, have achieved high quality results, thus having a greater similarity to the original banknotes. , or that they are currently circulating in the country. In some indigenous cultures, nuts were used as the original payment method, however, it has been described that in some places similar fruits circulated that in this case did not correspond to the form of payment, so it is inferred that it was false money. Other practices in other places consisted of mixing metals, to create similar coins, on the other hand, the creation of severed coins was also practiced, which were lighter coins and did not have the same value as the currency that was circulating at that time. . Previously, people who engaged in these activities were penalized with death, currently the punishment is usually years in prison, however that is subject to the criminal procedure code of each country.

Impact on society of counterfeit banknotes

The counterfeiting of the currency is costly for the society, the organisms destined for the application of the law allocate resources to dissuade, identify and apply the process of the law to the operations of false economic transactions, this activity generates a negative impact on the society in general, and in private businesses, which accept counterfeit money as a form of payment, which suffer a direct loss, thus generating mistrust in the functionality of the currency. Despite the fact that the levels of counterfeiting in a country are false, the cost to society becomes very high, since the introduction of counterfeit notes in the economy can have a counterproductive effect due to the increase in costs. of basic necessities among others, which is colloquially known as inflation of the economy, therefore, people with limited economic resources will be affected by this practice, likewise the companies that are in charge of selling products will find it difficult to buy and selling the products they offer. Thus, humble families end up being affected by the high prices that the products they consume daily tend to have.

 

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