ECB reports historically low counterfeit volumes


The European Central Bank has reported a 17.7% drop in counterfeits for 2020, with a small proportion being reported outside of the euro area.

Only 460,000 euro banknotes were withdrawn from circulation last year, in comparison to 559,000 withdrawn in 2019. This equates to 17 counterfeits being detected per 1 million in circulation – a historic low for the central bank.

A significant drop was seen in the second half of the year when only 220,000 banknotes were removed from circulation; in 2019

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