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US Company Develops New Technique to Detect Counterfeit Banknotes

A bank teller checks yuan banknotes. (AFP)
A bank teller checks yuan banknotes. (AFP)
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US Company Develops New Technique to Detect Counterfeit Banknotes

A bank teller checks yuan banknotes. (AFP)
A bank teller checks yuan banknotes. (AFP)

A US company has developed a new technique that allows the general public to detect counterfeit banknotes.

Studies say that during a typical cash transaction, people glance at banknotes for about a second. The US-based company Crane Currency has created a specially-designed micro-optic lens that focuses on an icon or image underneath; the technology makes an image appear in 3-D and animates it as the note is moved around.

According to the Tech Xplore website, Crane Currency has designed a number of banknotes incorporating 3-D micro-optic security features, including currency in Uzbekistan and an award-winning note in circulation on the Caribbean island of Aruba.

These have been in circulation for about a year and this study is the first to confirm the reliability of the new security feature from a user point of view, reported the German news agency (dpa).

The Tech Xplore website cited Jane Raymond, professor of Visual Cognition at the University of Birmingham, as saying: "Most people trust their banknotes, are usually in a hurry, and often handle cash in places where the lighting is bad. So, in many situations, it's not so hard to miss a fake banknote."

"Security features need to give people fast, easy-to-see signals that work under all sorts of lighting conditions," she added.

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Egypt, Greece Agree to Protect Status of Mount Sinai Monastery

A general view of St. Catherine's Monastery in South Sinai, Egypt, March 7, 2019. Picture taken March 7, 2019. REUTERS/Mohamed Abd El Ghany/File Photo
A general view of St. Catherine's Monastery in South Sinai, Egypt, March 7, 2019. Picture taken March 7, 2019. REUTERS/Mohamed Abd El Ghany/File Photo
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Egypt, Greece Agree to Protect Status of Mount Sinai Monastery

A general view of St. Catherine's Monastery in South Sinai, Egypt, March 7, 2019. Picture taken March 7, 2019. REUTERS/Mohamed Abd El Ghany/File Photo
A general view of St. Catherine's Monastery in South Sinai, Egypt, March 7, 2019. Picture taken March 7, 2019. REUTERS/Mohamed Abd El Ghany/File Photo

Greece and Egypt have agreed to safeguard the status of one of the world's oldest sites of Christian worship, foreign ministers of both countries said late on Wednesday, after an Egyptian court ruling last week cast uncertainty over its future.

The St Catherine's Monastery, at the foot of Egypt's Mount Sinai, was founded in the 6th century and is the oldest Christian monastery still in use for its original function, says UNESCO, which has listed the area as a World Heritage site, Reuters reported.

Revered by Christians, Muslims and Jews, the monastery is at the site where by Biblical tradition Moses received the Ten Commandments.

But last week, an Egyptian court ruling seen by Reuters ordered Orthodox monks to vacate several plots of land that the monks have used for years, including vineyards and gardens adjacent to the monastery compound, on the grounds that they were illegally sequestered, prompting a diplomatic flurry between Cairo and Athens over the site's status.

"We agreed in the immediate future to work towards safeguarding the rights of the monastery, as well as its legal status," Greek Foreign Minister George Gerapetritis said after meeting his Egyptian counterpart Badr Abdelatty in Cairo.

"Both Egypt and Greece intend to move forward based on the long-standing tradition and the already established status of an emblematic monastery for its Greek Orthodox character of worship".

Abdelatty said that the ruling preserves the monastery’s profound spiritual value and religious standing, and confirmed that the monks would continue to have access to and use of the monastery and its religious and historical sites, according to a foreign ministry statement. With a long history of diplomatic ties, Greece and Egypt have deepened cooperation in recent years.

St Catherine's is a sprawling complex, and according to tradition it was built around a burning bush where God was said to have spoken to Moses as described in the Book of Exodus. Its library is one of the most extensive worldwide, containing some of the world's earliest Christian manuscripts.