Central Banking

Forged euro notes surge by 17%

euro-coins-and-banknotes

The number of fake euro banknotes seized surged to a fresh record of 413,000 in the first six months of this year.

The figure, up from 354,000 notes for the last six months of 2008, represents the biggest haul since euro banknotes were introduced in 2002. The number of genuine banknotes in circulation rose by about 4.2% from over 12 billion to 12.5 billion during the same period.

The face value of the notes rose to €19.3m ($27m) from €17.8m for the six months to January. The notes' face value wa

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