Euro Banknote Counterfeits Dropped 19% in First Half 2011

July 18, 2011

The European Central Bank reported that removed 18.8 percent fewer counterfeited euro banknotes from circulation in the first half of 2011 compared with the previous six months.

The Frankfurt-based central bank withdrew 295,553 forged notes in the first half, compared with about 364,000 in the second half of last year, the ECB said in a statement today. There were on average 13.8 billion genuine euro banknotes in circulation in the first six months of 2011.