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Drop in euro forgeries in second half of 2014: ECB

17 July 2015, 12:01 CET
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Drop in euro forgeries in second half of 2014: ECB

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(FRANKFURT) - The number of counterfeit euro banknotes withdrawn from circulation decreased in the first six months of 2015, the European Central Bank said on Friday.

A total of 454,000 fake banknotes were removed from circulation in the period from January to June, a drop of 10.5 percent from the second half of 2014, but still higher than the first half of last year, the Frankfurt-based institution said in its twice-yearly counterfeits survey.

"The number of counterfeits continues to remain very low in comparison with the increasing number of genuine banknotes in circulation -- over 17 billion during the first half of 2015," the ECB said.

Further details, ECB


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