Currency recognition system using image processing

CURRENCY RECOGNITION
SYSTEM
USING
IMAGE PROCESSING

OUTLINE:
 Abstract
 Keyword
 Introduction
 Relevance
 System Background
 Literature Survey
 Objectives of Application
 System Architecture
 System Description
 Result
 Conclusion
 Reference

ABSTRACT:
It is difficult for people to recognize currencies from different
countries. Our aim is to help people solve this problem. However,
currency recognition systems that are based on image analysis entirely
are not sufficient. Our system is based on image processing and makes
the process automatic and robust.

Keywords:
 Currency detection
 Fake currency
 Image processing,
 Template matching
 Counterfeit note

Introduction :
 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.
 The staffs who work for the money exchanging (e.g. Forex Bank)
have to distinguish different types of currencies and that is not an easy
job.
 They have to remember the symbol of each currency. This may cause
some problems (e.g. wrong recognition).
 the aim of our system is to help people who need to recognize
different currencies, and work with convenience and efficiency

CONT:
 For bank staffs, there is a “Currency Sorting Machine” helps them to
recognize different kinds of currencies.
 The main working processes of “Currency Sorting Machine” are
image acquisition and recognitions.
 It is a technique named “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.

Relevance:
 In this proposed system, our relevance is to focus on detection of fake
currencies which is spreaded in Indian market also our main goal is to
use image processing technique and recognize original currency.
 Relevance of our project is similar to currency recognition system
using neural networks . That paper identifies, and extracts robust
features from banknotes

The proposed web portal will help common people for currency
recognition anywhere anytime.
 In this approach system extract the general attributes of the paper
currency like various dominant parts of image of currency note (like
identification marks, latent image, etc).
The identification marks helps to know the denomination of currency.
These marks of currency helps to detect fake or genuine. The system will
be developed to check different currency notes of 100, 500 and 1000
rupees.
The Web Application will display currency denomination and either
currency is genuine or fake.
System Background:

 CONT:
The system simply extracts feature of currency which were match
with original currency features and immediately displays result with
accuracy.
The features which were considered for currency recognition are as
follows :
 Latent image
 Currency Value Area (100,500 & old 1000)
 Intaglio printing
 Identification mark
 See through register
 Satyameva Jayate logo at left corner
 Reserve Bank of India at top of currency note
 Reserve Bank of India logo at right corner

LITERATURE SURVEY:
 Main purpose of the system is to provide fake currency detection
facility. There are lots of machines are available that helps the people
to recognize different features of currencies.
 But for most working staffs in money exchange have to keep a lot of
different features and anti-fakes label for different commonly-used
currencies.
 Existing systems uses optoelectronic device to produce the signal
from the light refracted by the banknote.

 CONT:
 There are many currency recognition machines are available in current
market through which currency can be recognize whether by using
image processing technique or neural networks
Existing currency recognition systems are mainly based on processing
of image using image processing techniques and neural networks.
 Some system uses Gaussian function in hidden layer and output layer
of NN in the place of sigmoid function.
 System shown that the Gaussian function is more effective than
sigmoid function for the recognition of known features and rejection
of unknown patterns

OBJECTIVES OFAPPLICATION :
 To identify original currency note using Image processing techniques.
 System compare images of currency note to the stored images of
original currency note images.
 To provide Cheaper and Accurate system to the user which can easily
accessible and gives accurate recognition of currency notes.
 To develop user friendly web application of currency recognition
system.
 To make available to common people quickly
 and easily so they can utilize anywhere and at any time.

SYSTEM DESCRIPTION :
 Input(Image Acquisition) : A digital camera or scanner or phone is
used for image preprocessing. The starting step of the paper currency
recognition system would be image segmentation that means
separating the note image from the background.
 Browsing : Proposed System browse these images file in the system
and these image will be given for feature segmentation and template
matching.
Image processing : - It is method to convert an image into digital form
and perform some operations on picture or image, in order to
obtaining an enhanced image or to extract some useful information
from image or picture. Here, We use Template matching for finding
small parts of image.

CONT:
 Template matching : - It is a technique in digital image processing
for finding small parts of an image which match a template image. It
can be used in manufacturing as a part of quality control, a way to
navigate a mobile robot, or as a way to detect edges in images.
Finally, we get output which shows .
Finally, we get output which shows the whether currency is Original
or Duplicate. After applying Template matching Algorithm, so person
can know whether note is real or fake.

RESULT: Fig. Uploading Image

 Fig. Uploading Image

CONCLUSIONS :
 In this technique, the authentication of currency is described by
applying image processing.
 Basically some features are extracted including various domination
parts of note (like identification marks of the currency).
 The features are extracted using image based segmentation using
template matching and works well in the whole process with less
computation time.
 The complete methodology works for 100, 500 and 1000 currency
notes. The method is very simple and easy to implement. This
technique is very adaptive to implement in real time world. The
process begins from image acquisition and end at comparison of
features.

REFERENCES :
 [1] Rubeena Mirza,Vinti Nanda,Paper Currency verification System
Based On characteristic Extraction Using Image Processing, IJEAT,
 Vol.1,Issue 03, pp.68-71, February 2012.
 [2] Sanjana, Manoj Diwakar, Anand Sharma, "An Automated
recognition of Fake or Destroyed Indian currency notes in Machine
vision", IJC-SMS, Vol. 12,
 Issue 02, pp. 53-60, April 2012.
 [3] R. Bhavani, A. Karthikeyan, A Novel Method for Counterfeit
Banknote Detection, IJCSE, Vol.2, Issue 4, pp 165-167, April 2014.

Cont:
 [4] Harish Agarwal, Padam Kumar, Indian Currency Note
Denomination Recognition in Color Image, Int. Journal on Advanced
Computer Eng. And Communication Tech.Vol.1.
 [5] A.Ms.Trupti Pathrabe and B.Dr. N.G.Bawane, Paper Currency
Recognition System Using Characteristics Extraction and Negativity
Correlated NN Ensemble,2010, Int. Journal of Latest Trends in
Computing.
 [6] Vipin Kumar Jain, Dr. Ritu Vijay, Indian Currency Denomination
Identification Using Image Processing Technique IJCSIT, Vol.4, issue
1,pp.126-128, January
 2013.

Currency recognition system using image processing

More Related Content

What's hot (20)

Similar to Currency recognition system using image processing (20)

Recently uploaded (20)

Currency recognition system using image processing