Counterfeit banknotes removed from circulation average $425,000
UV ink and intaglio printing are most common security features
Counterfeit money remains a challenge for central banks, as more than nine-tenths (94%) of the 31 respondents in the Currency Benchmarks 2022 reported removing fake banknotes from circulation.
Among the 29 central banks that said they encountered counterfeits, the average volume (number) of fake notes taken out of circulation in respondents’ jurisdictions was 21,305. The average value of counterfeit banknotes was $424,847. At the high end of the range was a large middle income nation that
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