Central banks removed more counterfeit banknotes from circulation over the past 12 months than in the previous year, the Currency Benchmarks 2023 find.
The data reveals an average value of $969,544 was removed from circulation in 33 jurisdictions. The figure is 56.2% higher than the average value of $424,847 worth of counterfeit currencies reported in the 2022 benchmark. A high income European country reported the largest figure by value of $8.1 million. A lower-middle income respondent from
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