Last Updated 13 | 01 | 2014 at 12:06

Business & Technology

More counterfeits in H2 2013 but number remains very low

Article By: news

A total of 353,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2013, 11.4 per cent up on the figure for the first half of the year.

The number of counterfeits, however, remains very low in comparison with the number of genuine banknotes in circulation during that period (over 15 billion).

Despite this small number, the members of the Eurosystem, the European Central Bank (ECB) and the 18 national central banks of the euro area, advised people to stay vigilant when receiving banknotes. Genuine banknotes can be easily recognised using the simple “feel, look and tilt” method described on the euro pages of the ECB’s website and the websites of the Eurosystem national central banks.

If a person receives a suspect banknote, he/she should compare it directly with one that is known to be genuine. If those suspicions are confirmed, the person should contact either the police or the respective national central bank.

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