Counterfeit euro banknotes removed from circulation in Europe H1 2012- H2 2018

The number of counterfeit euro bank notes withdrawn from circulation reached a six year low in the second half of 2018. Of the seven denominations of euro notes, 20 euro and 50 euro notes made up over 80 percent of counterfeit notes that were withdrawn in the second half of 2018.

Counterfeit notes are very rare

The chances of coming across a counterfeit note in Europe is exceedingly rare. In 2018, the number of withdrawn counterfeit notes accounted for 0.0025 percent of the total notes in circulation. This would mean that the average person would have to handle on average 40 thousand notes just to find one counterfeit.

Technology makes finding counterfeits easier

Technological printing methods has made finding counterfeit euro notes easier. The European Central Bank has for a number of years promoted the technique of ‘feel, look and tilt’ as the method for identifying counterfeit notes.

Number of counterfeit euro banknotes withdrawn from circulation in Europe from the first half of 2012 to the second half of 2018

Number of counterfeit euro banknotes in thousands
H2 '18262
H1 '18301
H2 '17363
H1 '17331
H2 '16353
H1 '16331
H2 '15445
H1 '15454
H2 '14507
H1 '14331
H2 '13353
H1 '13317
H2 '12280
H1 '12251
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Source

Release date

January 2019

Region

Europe

Survey time period

1st half of 2012 to 1st half of 2018

Supplementary notes

Numbers are rounded to the nearest 1,000.

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Statistics on "The Euro currency"

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