Status report on euro counterfeits recovered in the first half of 2017

20. 07. 2017 | Press Release of the NBS

Banknotes

In the first half of 2017 a total of 1,507 counterfeit euro banknotes were recovered in Slovakia. This number was more than 10% higher compared to the second half of the previous year. Approximately 85% of all counterfeits were recovered from circulation.

Half-yearly trend in the number of counterfeit euro banknotes


2011

2012

2013

2014

2015

2016

2017

Period

1H

2H

1H

2H

1H

2H

1H

2H

1H

2H

1H

2H

1H

Number

720

5,540

790

654

979

1,736

1,910

1,556

1,878

1,046

1,852

1,346

1,507

The most numerous denominations of the counterfeit banknotes recovered in the first half of 2017 were €50 (59.7% of the total) and €20 (13.5%). The number of €500 counterfeits (10.2% of the total) increased in the first half of 2017.

Number of counterfeit euro banknotes by denomination


5 €

10 €

20 €

50 €

100 €

200 €

500 €

Total

Number

14

24

204

899

181

32

153

1 507

%

0.9

1.6

13.5

59.7

12.0

2.1

10.2

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 2017 a total of 574 counterfeit euro coins were recovered in Slovakia. The number of coin counterfeits has been falling for an extended period of time. Counterfeit €2 coins accounted for 67.7% of the total. All coin counterfeits were recovered from circulation.

Half-yearly trend in the number of counterfeit euro coins


2011

2012

2013

2014

2015

2016

2017

Period

1H

2H

1H

2H

1H

2H

1H

2H

1H

2H

1H

2H

1H

Number

786

842

896

2,111

3,216

29,271

1,511

1,213

971

854

9,622

638

574

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.

Number of counterfeit euro coins by denomination


50  cent

1 €

2 €

Total

Number

129

57

388

574

%

22.5

9.9

67.6

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.

National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2142, +421-2-5865 2142, +421-2-5787 2169, +421-2-5865 2169
Internet: http://www.nbs.sk

Reproduction is permitted provided that the source is acknowledged.


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