Central Banking

ECB says 265,000 counterfeit euro notes detected

The European Central Bank said Friday 12 January a total of 265,000 counterfeit euro banknotes were removed from circulation during the second half of last year.

This compares with a total of 300,000 in the first half of the year.

The ECB said the number of counterfeits has varied only slightly over the last three years while the number of genuine banknotes in circulation has been increasing and reached 10.6 bln in the second half of last year.

Click here to read the full report

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