Central Banking

Euro counterfeit figure drops

Euro banknotes

On Monday, the European Central Bank (ECB) released its first counterfeit statistics for 2011.

In the first half of 2011, a total of 295,553 counterfeit euro banknotes were withdrawn from circulation. This represented a decrease of 18.8% on the quantity recovered in the previous six months and is the lowest the number has been since 2008.

The number of fake banknotes discovered in the second half of 2010 was 364,000, slightly down from the first half of last year, when 387,000 were found.

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