Fewer counterfeit banknotes withdrawn in Portugal in 2015

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Last year, 8,587 counterfeit banknotes were taken out of circulation in Portugal, the central bank announced today (January 19). This represents a decline of 7.2% from the 9,250 withdrawn in 2014.

The Bank of Portugal released a breakdown of the results, showing how many counterfeits were withdrawn for each denomination of banknote. The €20 note was, again, the most frequently counterfeited, reflecting wider trends in the eurozone.

There were 4,755 counterfeit €20 notes removed in 2015

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