Counterfeiting of euro banknotes hits the lowest in 2021



01/31/2022 9:43 AM


The number of detections of counterfeit euro banknotes last year was the lowest in the history of the currency, the European Central Bank (ECB) said.



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"In 2021, 347,000 counterfeit euro banknotes were withdrawn from circulation, a historically low level relative to the number of banknotes in circulation... For every 1 million genuine banknotes in circulation, 12 counterfeits were detected," it said.

The figure is down 24.6% compared to 2020.

At the same time, about two-thirds of all seized counterfeits were in denominations of €20 and €50.

Just over 95% of counterfeits were detected in eurozone countries, 4.2% - in EU states outside the currency bloc, and just 0.4% - in other countries around the world, the ECB also noted.

"Counterfeits are easy to detect as they have no or very poorly imitated security features," the release said.

source: ecb.europa.e


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