The European Central Bank (ECB) has released its half year statistics on counterfeit banknotes, showing a reduction compared to the second half of 2013.
In total, 331,000 counterfeit euro banknotes were withdrawn from circulation during the first half of 2014. This equates to around 0.002% of banknotes in circulation today (16.4 billion notes as at June 30, 2014).
Most counterfeit notes were €20 and €50 denominations, accounting for 81% of all withdrawn counterfeit notes.
|Period||H1 2012||H2 2012||H1 2013||H2 2013||H1 2014|
|Number of counterfeits||251,000||280,000||317,000||353,000||331,000|
The vast majority of counterfeit notes were detected within countries using the euro, with the remaining 1.9% found in EU member states and 0.1% found outside of these areas.
|Number of counterfeits||1.2%||4.6%||46.5%||34.7%||10.9%||1.3%||0.8%|