Increase in the number of counterfeit euro banknotes in the Netherlands

Increase in the number of counterfeit euro banknotes in the Netherlands

The number of counterfeit euro banknotes in the Netherlands increased in the first six months of 2013. A total 19,400 counterfeit banknotes was intercepted and registered in the period to July 2013, 18% more than the 16,400 counterfeit notes recovered in the second half of 2012. The number of counterfeit euro notes exceeded the comparable first-half figure for 2012 by 49%. The summer of 2012 would appear to have seen the end to the decline in the number of counterfeit euro notes in the Netherlands that had started in mid-2009. Nonetheless, the risk of receiving counterfeit notes remains very low.

The number of counterfeits also increased worldwide, and a press release from the European Central Bank (ECB) this morning reported that some 317,000 counterfeits had been detected in the past six months, a 13% increase on the second half of 2012 and a 26% increase on the first six months of 2012. Counterfeits denominated EUR 20 and EUR 50 are most often withdrawn from circulation, in both the Netherlands and other euro area countries.

Robust security features protect euro notes from counterfeiting, although the public should remain alert and aware of these features. Feeling, looking and tilting are a simple method to distinguish real from counterfeit. DNB web pages describe the security features of euro notes, and also refer to the banknote checking app and a dedicated computer program distinguishing real from counterfeit.

Source: De Nederlandsche Bank (DNB)

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