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

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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

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