What are fake coins called?

The objects used to create slugs can vary widely, often chosen for their low cost and ease of manipulation. One common example is a washer, a mundane household item repurposed for illicit gains.

Another technique involves utilizing coins from other countries with significantly less purchasing power than the currency they are intended to mimic. This strategy takes advantage of international exchange rate disparities.

The damage caused by slugs extends beyond the immediate victims of the deception. It undermines the stability and trust in the broader financial system, as confidence in the integrity of currency is eroded.

A slug, in the realm of currency fraud, represents a deceitful imitation of genuine coinage. It is employed unlawfully to deceive individuals or entities into accepting it as a valid means of payment.

Authorities and law enforcement agencies strive to combat the production and circulation of slugs through various measures, including heightened surveillance, public education campaigns, and legal prosecutions.