More than a quarter of a million counterfeit banknotes were withdrawn from circulation by the European Central Bank. Fourth of these are banknotes of 20 and 50 euros. Two videos also show how one euro banknote can be checked.
The number of counterfeit euro banknotes declined in the second half of last year. According to data from the European Central Bank (ECB), 262 thousand counterfeit bundles had to be withdrawn, representing a drop of 13 percent from the first half of 2018 and an annual drop of almost 30 percent.
The favorites of fraudsters
Most counterfeit banknotes – 80 percent – are 20 and 50 euros. The ECB stated that the number of euro banknotes in circulation rose by 5.6 percent and that their value increased by around 5.2 percent.
There are currently more than € 22 billion in banknotes in circulation worth approximately € 1.2 trillion. Compared to the total volume, the ECB is of the opinion that the proportion of counterfeit banknotes is low.
What to do?
The authenticity of the euro banknotes can be verified by anyone using the "touch, visualize and move" method. The two videos below show you which security features you can use to check if a 20 or 50 Euro is genuine.
This is your 20 euro video:
This is your 50 Euro video:
In addition, the ECB started exchanging banknotes in 2013 to prevent counterfeiting. The first member of the new Europé series was € 5. As in Hungary, the euro exchange will be completed this year in the euro area that took place only 20 years ago: the 100 and 200 euro coins will be launched on 28 May.