Central Banking

Number of euro counterfeits rise

The number of counterfeited euro banknotes in the second half of 2007 shows an increase when compared to the two preceding half-year periods.

The European Central Bank's latest biannual statistics shows that in the second half of 2007, a total of 296,000 counterfeit euro banknotes were withdrawn from circulation.

"Although this is a slight increase compared with the same period in 2006, it is still within the bounds of the pattern established over the last few years," the central bank said in