Central Banking

ECB eye Hitachi micro chip to prevent note forgery

A report says the European Central Bank is looking into the idea of using integrated circuit chips in bank notes to prevent forgery.

Source: Kyodo News

The European Central Bank (ECB) is considering adopting the world's smallest integrated circuit, developed by Hitachi Ltd, to prevent forgery of euro bills, Hitachi sources said Monday.

The ECB has begun talks with the major Japanese electric and electronics maker over possible use of the IC chip, the sources said. "Talks are going well," a senior

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