Central Banking

ECB's biannual information on euro counterfeiting

In the first half of 2005, 293,000 counterfeit euro banknotes were withdrawn from circulation, the European Central Bank said on 15 July.

This figure is very similar to that for the second half of last year, when around 287,000 counterfeits were recovered, but lower than the 307,000 recovered during the first half of 2004. These figures should, however, be seen in the context of the number of genuine banknotes in circulation (around 9 billion).

The breakdown of counterfeit banknotes by denomin