Central Banking

ECB reports drop in seized counterfeit euro banknotes


A total of 251,000 counterfeit euro banknotes were withdrawn from circulation during the first half of 2012, the European Central Bank (ECB) said today (July 16).

The figure shows a 19% decline on the previous six-month period, and a 15.2% decline on the amount recorded for the first half of 2011. The latest number of seized banknotes represents the lowest figure since 2003, when 231,000 notes were retrieved in the first half of the year.

However, the ECB stressed that compared to the number of

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