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A currency detector or currency validator is a device that determines whether notes or coins are genuine or counterfeit.These devices are used in a wide range of automated machines, such as retail kiosks, supermarket self checkout machines, arcade gaming machines, payphones, launderette washing machines, car park ticket machines, automatic fare collection machines, public transport ticket ...
In addition to printing the banknotes and the postal orders of Nigeria, it has struck some of the coins of Nigeria. It also prints stamps. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation. It controls the volume of money supply in the economy in order to ensure monetary and price stability.
Nigeria has a reputation for being at the center of email scamming. [31] [32] Modern variations include “sugar daddy/sugar momma” schemes, some of which involve advance-fee scamming, [33] and money flipping, whereby the mark is promised a large amount of money in exchange for sending a small amount of money. [34]
[1] [self-published source] A victim, sensing huge profits and untroubled by ethical implications, would buy the machine for a high price—from $25,000 to $102,000. [1] Lustig stocked the machine with six to nine genuine $100 bills for demonstration purposes, but after that it produced only blank paper. [ 2 ]
The sorting machines of the first generation achieved a processing speed of 4 up to 20 banknotes per second. In many cases they were built on the technology of reading punched cards or mail sorting or used synergies in manufacturing such machines. The model ISS 300 of G+D was a product of the first generation and designed as a semi-automatic ...
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