Central Banking

Euro counterfeits soar 30%


The number of counterfeit euro banknotes rose by 30% last year compared to 2008, with 860,000 forged notes seized in total, European Central Bank (ECB) statistics published on Monday showed.

The increase was nearly double that registered in 2008, when 666,000 forged notes were withdrawn from circulation, up 18% on the previous year.

The increase in fake notes comes at a time when the number of legitimate euro banknotes has fallen by 2.3%, going from 13.1 billion to 12.8 billion from end-2008 to

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