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The Dark Side of Currency: Understanding Counterfeit GBPIntroduction<br>Counterfeiting has been an issue as old as currency itself. In the last few years, the prevalence of counterfeit British Pounds (GBP) has actually raised significant issues for both consumers and the financial system. This article explores the complexities of purchasing counterfeit GBP, the underlying factors for its circulation, the effect on the economy, and ways to secure oneself from ending up being a victim.<br>What is Counterfeiting?<br>Counterfeiting refers to the prohibited production of currency developed to imitate legitimate money. The most commonly counterfeited currency includes banknotes and coins. The Bank of England invests greatly in security functions to protect GBP versus counterfeiting |
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