Number of Counterfeit Euro Banknotes Withdrawn From Circulation up in 2022
Photo by EQRoy / Shutterstock.com
Last year, 376,000 counterfeit euro banknotes were withdrawn from circulation worldwide, an 8.4% increase from 2021, the European Central Bank reported.
EUR 20 and EUR 50 notes continued to be the most counterfeited banknotes, together accounting for slightly below two-thirds of the total.
Some 96.6% of the counterfeits were found in euro area countries, while 2.7% were found in non-euro area EU member states and 0.7% in other parts of the world.
At the same time, the bank assures that the probability of getting a counterfeit banknote is low, as the number of counterfeit bills remains very low compared to the number of genuine bills in circulation.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.