Abstract
In every country, many people generate the fake currency which is similar to the original currency. It may be of the form of notes and coins. In the business market, it is very difficult to identify the fake currency and it is also true that original currency in the form of notes and coins are available in the bank custody. Many researchers have applied different methods to identify the fake notes and coins. The present work is in this direction for identification of newly launched 500 and 2000 notes in the Indian market. An object-oriented model is proposed for designing of systematic steps for identification purpose. This is further implemented in the MATLAB. Results are produced in the form of tables and graphs. Keywords: Currency; HSV Image; UML; MATLAB; Gray Scale Image; Security Features.
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