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Home BUSINESS502 counterfeit Euro notes recovered in 2014
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Sat, 24 Jan, 2015 02:56:31 AM
FTimes-STT Report, Jan 24
 
File picture of Euro notes. Photo AFP-Lehtikuva.
Last year a total of 502 counterfeit euro banknotes were detected in circulation in the country.
 
The number of detected counterfeit banknotes in 2013 was 427, with 620 in 2012, said a press release of the Bank of Finland.
 
“The number of counterfeit notes in Finland is low,” said Bank of Finland Cash Department System Expert Tanja Raita. 
 
According to the Bank of Finland, the 50-Euro note was found to be the most frequently counterfeited one, with 180 counterfeits.
 
Raita pointed out that the note of 20 Euro was the second-most counterfeited bank note with 152 counterfeits.
 
The European Central Bank removed 507,000 counterfeit Euro notes from circulation last year.
 
Ninety-seven per cent of the detections were found in the euro zone and 2.5 per cent elsewhere. 
 
 
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