"A counterfeit-proof bank note does not exist," he said.
Tells about the counterfeit-proof paper used in ration books.
A changeover to plastic is not necessarily smooth, even though plastic notes appear to be nearly counterfeit-proof, more durable than paper and even recyclable.
They are not completely indestructible, nor are they counterfeit-proof, but illegally copying them should be a slower and more costly process.
The Bank concedes no note is counterfeit-proof but says copying the new polymer notes will be slower and more expensive.
The Bank concedes no note is counterfeit-proof but says the polymer notes will be slower and more expensive to copy.
Drivers across Europe will soon be able to use a single credit-card-sized, counterfeit-proof driver's license that will do away with the 110 different versions that exist in the 25-nation bloc.
Unlike holograms, which can be copied, DNA ink is virtually counterfeit-proof, said Chris Outwater, chief executive of DNA Technologies, because DNA, which contains a person's genetic code, is so complex.
The BoE says it is able to use the experience of Australia and other major countries that have used polymer for years to help develop the most up-to-date and counterfeit-proof notes in the world.
"Counterfeit-proof" is an extremely bold claim.
