Review on Counterfeit Indian Paper Currency Recognition System

Paper currency identification is one of the image processing techniques i.e. clothed to recognize currency of different countries. The paper currencies of different countries are collectively rises ever more. However, the main intention of most of the standard currency recognition systems and machines is on recognizing fake currencies. The features are extracted by using image processing toolbox in MATLAB and preprocessed by reducing the data size in captured image. The expose pluck out is discharged by considering HSV (Hue Saturation Value). The chief is neural network classifier and the next step is recognition. MATLAB is used to evolve this program. The new source of paper currency recognition is pattern recognition. But for currency recognition, converter system is an image processing method which is used to identify currency and transfer it into the other currencies as the users need. The need of currency recognition and converters is accurately to recognize the currencies and transfer the currency immediately into the other currency. This application uses the computing energy in differentiation among different kinds of currencies are differentiated with their suitable class using power computing. Fake note at present plays a key topic for the researchers. The recognition system is composed of two parts. First is the captured image and the second is recognition. Forged currencies recognition is the main aim of the standard paper currency identification system. The most mandatory system is currency identification system and it should be very accurate. The performance of different methods are surveyed to refine the exactness of currency recognition system.