Central Banking

Euro counterfeits drop by 5.9%


The number of counterfeit euro banknotes fell by 5.9% in the second half of 2010, European Central Bank (ECB) statistics published on Monday showed.

The ECB said a total of 364,000 counterfeit euro banknotes had been withdrawn from circulation in the six months to December compared with 387,000 in the first half of the year. The figure is the lowest since the second half of 2008, when 354,000 notes were seized, and builds on earlier declines during the first half of the year when the amount of c

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