Average value of counterfeit banknotes rises

UV ink the most common security tool used in battle against fake banknotes

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.