Central Banking

Austrian central bank warns of forged euro notes

AUSTRIA - Wolfgang Duchatczek, a director of central bank Oesterreichische Nationalbank (ONB), has warned Austrian consumers to be on the look-out for forged euro banknotes following the launch of the new European single currency on 1 January 2002.

He said that crude forgeries produced with colour photocopiers or scanners should be relatively easy to recognize, whereas more sophisticated printed forgeries would be much more difficult to spot.

Stefan Augustin, head of ONB's banknote and coin dep

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