Central Banking

ECB says forgers favouring 20-euro notes

The European Central Bank has reported the number of forged bank notes traced in 2005 fell 2.5 percent, but the number of 20-euro notes rose sharply in the second half of the year.

Up to now, the €50 has always been the most counterfeited banknote; during this half year, however, there has been a significant rise in the proportion of counterfeits of €20 banknotes and a corresponding fall in the proportions of €50 and €100 counterfeits, the ECB's figures showed. Thus, during the second half of

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