Status report on euro counterfeits recovered in the first half of 2020

Banknotes

In the first half of 2020 a total of 606 counterfeit euro banknotes were recovered in Slovakia. This number was more than two times lower compared with the second half of 2019 (53,7%). Approximately 81% of these counterfeits were recovered from circulation.

Half-yearly trend in the number of counterfeit euro banknotes

2014

2015

2016

2017

2018

2019

2020

Period

H1

H2

H1

H2

H1

H2

H1

H2

H1

H2

H1

H2

H1

Number

1,910

1,556

1,878

1,046

1,852

1,346

1,507

1,457

774

699

661

1,309

606

The counterfeit banknotes recovered in the first half of 2020 consisted mostly of counterfeit €10 banknotes (33.7%) and €20 banknotes (22.8%).

Breakdown of counterfeit euro banknotes by denomination


€5

€10

€20

€50

€100

€200

€500

Total

Number

3

204

138

134

52

6

69

606

%

0.5

33.6

22.8

22.1

8.6

1.0

11.4

100.0

While the quality of counterfeit banknotes is generally high, the public can detect them without special equipment if they stay vigilant when receiving banknotes. Genuine banknotes can be easily recognised using the "feel, look and tilt" method described on the euro pages of the ECB's website (www.ecb.int) and the websites of the Eurosystem national central banks.

Coins

In the first half of 2020 a total of 577 counterfeit euro coins were recovered in Slovakia, all from circulation. Counterfeit €2 coins accounted for 81.8% of the total.

Half-yearly trend in the number of counterfeit euro coins


2014

2015

2016

2017

2018

2019

2020

Period

H1

H2

H1

H2

H1

H2

H1

H2

H1

H2

H1

H2

H1

Number

1,511

1,213

971

854

9,622

638

574

507

570

679

567

826

577

The technical quality of coin counterfeits is mostly high or very high, and it may therefore be quite difficult for the public to detect them, especially if insufficient attention is paid to coins when received.

Breakdown of counterfeit euro coins by denomination


50  cent

€1

€2

Total

Number

53

52

472

577

%

9.2

9.0

81.8

100.0

The easiest way to detect a counterfeit coin is with a simple magnet. Genuine €1 and €2 coins have a magnetic core and therefore by applying a magnet to the core it is possible to compare the magnetism of a suspect coin with that of a genuine coin. It is also important to observe the general appearance and colour of a suspect coin. In the case of a suspect €2 coin, it is also recommended to check the edge lettering.

More detailed information about the common and national sides of euro circulation coins can be found on the websites of the ECB and Národná banka Slovenska.