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Producing or using counterfeit money is a form of fraud or forgery.

The business of counterfeiting money is almost as old as money itself: plated copies have been found of Lydian coins which are thought to be among the first Western coins.

Before the introduction of paper money, the most prevalent method of counterfeiting involved mixing base metals with pure gold or silver.

Another form of counterfeiting is the production of documents by legitimate printers in response to fraudulent instructions.

There has been significant counterfeiting of Euro banknotes and coins since the launch of the currency in 2002, but considerably less than for the US dollar.

Some of the ill-effects that counterfeit money has on society include a reduction in the value of real money;

and increase in prices due to more money getting circulated in the economy.

an unauthorized artificial increase in the money supply; a decrease in the acceptability of paper money; and losses, when traders are not reimbursed for counterfeit money detected by banks, even if it is confiscated.