Decline in counterfeit euro banknotes in the Netherlands

Decline in counterfeit euro banknotes in the Netherlands

The number of counterfeit euro banknotes in the Netherlands again declined in 2011. A total of 29,700 counterfeit euro banknotes were detected and registered, some 25% less than the 39,600 counterfeit euro banknotes recovered in 2010, when the number of counterfeit banknotes had also declined by 28%.

While it is difficult to indicate what exactly causes this decline, alert retailers and attention by police and judiciary have helped to counter this form of crime.

A reduction in counterfeit euro banknotes was also seen worldwide. The European Central Bank announced in a press release this morning that 606,000 counterfeits were recovered in the past year, a decline of 19% relative to 2010. The most counterfeited denominations withdrawn from circulation, both in the Netherlands and the other European countries, are the EUR 20 and EUR 50 notes.

It is important that the public be alert and aware of the euro banknote security features. For this purpose, De Nederlandsche Bank launched the euro banknote app, which shows in four steps how one can check the authenticity of a euro banknote. More information can be found on the webpage Security features of euro banknotes.

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