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Currency Recognition System
(2017-08-11T07:58:18Z) Domnic Paul, Hoover; Kiran, R; Geetanjali, Puri
There are approximately 50 currencies all over the world, with each of them looking totally different. For instance the size of the paper is different, the same as the colour and pattern. For bank staffs, there is a “Currency Sorting Machine” which helps them to recognize different kinds of currencies. The main working processes of “Currency Sorting Machine” are image acquisition and recognition. It is a technique named as “optical, mechanical and electronic integration”, integrated with calculation, pattern recognition (high speed image processing), currency anti-fake technology, and lots of multidisciplinary techniques. It is accurate and highly-efficient. But for most staffs, they have to keep a lot of different characteristics and anti-fakes label for different commonly-used currencies in their mind. However, each of them has a handbook that about the characteristics and anti-fakes labels of some less commonly-used currencies. Even then, no one can ever be 100 per cent confident about the manual recognition. In order to make the system more comprehensive, we need to create a small database for storing the characteristics of the currency.