Status report on euro counterfeits recovered in the second half of 2015

22. 01. 2016 | Press Release of the NBS

Banknotes

In the second half of 2015 a total of 1,046 counterfeit euro banknotes were recovered in Slovakia. This number was approximately one-third lower compared to the same period of the previous year.

Half-yearly trend in the number of counterfeit euro banknotes recovered


Period

2009

2010

2011

2012

2013

2014

2015

 

1H

2H

1H

2H

1H

2H

1H

2H

1H

2H

1H

2H

1H

2H

Number

1,163

938

664

789

720

5,540

790

654

979

1,736

1,910

1,556

1,878

1,046

            The most numerous denominations of the counterfeit banknotes were €50 (34.8% of the total) and €20 (28.1%).

Number of recovered counterfeit banknotes by denomination


€5

€10

€20

€50

€100

€200

€500

Total

Number

18

49

294

364

246

65

10

1,046

%

1.7

4.7

28.1

34.8

23.5

6.2

1.0

100.0

While the quality of counterfeit banknotes is generally high, the general public can detect them, without any special technical equipment, by staying 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 second half of 2015 a total of 854 counterfeit euro coins were recovered in Slovakia - approximately 30% down on the figure for the second half of 2014. Counterfeit €2 coins accounted for 66.9% of the total.

Half-yearly trend in the number of counterfeit euro coins recovered


Period

2009

2010

2011

2012

2013

2014

2015

 

1H

2H

1H

2H

1H

2H

1H

2H

1H

2H

1H

2H

1H

2H

Number

193

617

642

767

786

842

896

2,111

3,216

29,271

1,511

1,213

971

854

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 recovered counterfeit coins by denomination


50 cent

€1

€2

Total

Number

189

94

571

854

%

22.1

11.0

66.9

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
Press and Editorial 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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