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

Number of counterfeit euro banknotes withdrawn from circulation in Europe from the first half of 2012 to the second half of 2018 (in 1,000s)

by James Cherowbrier, last edited Aug 9, 2019
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euro banknotes removed from circulation in Europe H1 2012- H2 2018 The number of counterfeit euro bank notes withdrawn from circulation reached a six year low in the second half of 2018.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the seven denominations of euro notes, 20 euro and 50 euro notes made up over 80 percent of counterfeit notes that were withdrawn in the second half of 2018.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 In 2018, the number of withdrawn counterfeit notes accounted for 0.0025 percent of the total notes in circulation.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.
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Number of counterfeit euro banknotes withdrawn from circulation in Europe from the first half of 2012 to the second half of 2018 (in 1,000s)

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