Counterfeit money is a serious problem in Australia, with millions of dollars worth of fake notes in circulation. It is important to be able to detect counterfeit money to avoid becoming a victim of fraud. You can do this by checking the security features of the banknote, such as the watermark, the raised printing, and the security thread. You can also use a counterfeit detector pen to check the paper quality.
There are several reasons why it is important to be able to detect counterfeit money. First, it can help you to avoid becoming a victim of fraud. If you accept a counterfeit note, you will not be able to get your money back. Second, it can help to protect the integrity of the Australian currency. If counterfeit money is allowed to circulate freely, it can erode trust in the currency and make it more difficult to use.