Press release by the Chairman of the Governors of the Group of Ten (G10)

Press release  | 
10 May 2000

At their meeting on 8 May 2000 in Basel, the Governors of the G10 central banks examined the problems raised by the use of personal computers in counterfeiting banknotes.

In response to the threat of increasing use of personal computers and digital imaging tools, the Governors authorised work by a group of central banks (SSG 2) to develop a system to deter PC-based counterfeiting.

The SSG 2 and its representatives have begun soliciting support from the Industry and cooperating with manufacturers and software developers to facilitate adoption of the system. The Governors fully endorse these efforts and call upon the Industry to actively support deployment of this system.