Research Article Open Access

Currency Recognition Using Image Processing

Abstract

There are around 200+ different currencies used in different countries around the world. The technology of currency recognition aims to search and extract the visible as well as hidden marks on paper currency for efficient classification. Currency Recognition and conversion system is implemented to reduce human power to automatically recognize the amount monetary value of currency and convert it into the other currencies without human supervision. The software interface that we are proposing here could be used for various currencies (we are using four in our project). Many a times, currency notes are blurry or damaged; many of them have complex designs to enhance security. This makes the task of currency recognition very difficult. So it becomes very important to select the right features and proper algorithm for this purpose. The basic requirements for an algorithm to be considered as practically implementable are simplicity, less complexity, high speed and efficiency. Our main aim is to design an easy but efficient algorithm that would be useful for maximum number of currencies, because all currencies have different security features, making it a tough job to design one algorithm that could be used for recognition of all available currencies. Writing different programs for all is also a tedious job. The aim of the project is to recognize the currencies and not authentication

Chinmay Bhurke, Meghana Sirdeshmukh, Prof. Mrs. M.S.Kanitkar

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