El EURO nuestra moneda
The Euro is the common currency of a large group of countries of the European Union, called the Euro zone. More than 300 million people use euro banknotes and coins to make their payments in the euro area.
Also, outside the euro area, notes are used for a value between 10% and 15% of the total of banknotes in circulation. Due to its importance and its international prestige, it is evident that currency is attractive to counterfeiters.
Although euro banknotes incorporate very advanced elements that guarantee their security and allow them to be easily distinguished from counterfeit notes, it is necessary to maintain vigilance. In order to discourage counterfeiting, it is necessary that personnel who handle cash in credit institutions, retail companies, restaurants or other businesses in which large amounts of cash are handled are familiar with euro notes and coins in addition to using currency detectors certified.
Genuine notes with some type of deterioration, such as dirt, should be sent to a local bank instead of being distributed, as it is easier to check the security elements of the clean bills.
Finally, before buying a counterfeit detector and a banknote counter, Countermatic recommends you to receive professional advice in order to acquire the note identification machine that best suits your needs.
FRANKFURT (GERMANY), 19 Jul. (EUROPA PRESS) -
A total of 387,000 counterfeit euro banknotes were withdrawn from circulation in the first half of 2010, a figure that represents a decrease of close to 13% compared to the amount recovered in the previous six months and the first setback since mid-2006, as reported today the European Central Bank (ECB) in a statement.
The 50-euro note was the most falsified in the first half, accounting for 42.5% of the total counterfeit bills detected, followed by the 20-euro note, with 41.5%, and the 100-euro note, with the 12% of the total recovered. The least counterfeit bills were those of 5 and 500 euros (0.5%), followed by those of 10 and 200 euros (1.5% each).
The majority (over 98%) of counterfeit notes withdrawn in the first half of 2010 was detected in euro area countries, only around 1% in non-euro area EU Member States and less than 0.5% elsewhere in the world.
The ECB noted that the proportion of counterfeits detected remains at "very low" levels in relation to the growing number of genuine euro banknotes in circulation
Also, outside the euro area, notes are used for a value between 10% and 15% of the total of banknotes in circulation. Due to its importance and its international prestige, it is evident that currency is attractive to counterfeiters.
Although euro banknotes incorporate very advanced elements that guarantee their security and allow them to be easily distinguished from counterfeit notes, it is necessary to maintain vigilance. In order to discourage counterfeiting, it is necessary that personnel who handle cash in credit institutions, retail companies, restaurants or other businesses in which large amounts of cash are handled are familiar with euro notes and coins in addition to using currency detectors certified.
Genuine notes with some type of deterioration, such as dirt, should be sent to a local bank instead of being distributed, as it is easier to check the security elements of the clean bills.
Finally, before buying a counterfeit detector and a banknote counter, Countermatic recommends you to receive professional advice in order to acquire the note identification machine that best suits your needs.
FRANKFURT (GERMANY), 19 Jul. (EUROPA PRESS) -
A total of 387,000 counterfeit euro banknotes were withdrawn from circulation in the first half of 2010, a figure that represents a decrease of close to 13% compared to the amount recovered in the previous six months and the first setback since mid-2006, as reported today the European Central Bank (ECB) in a statement.
The 50-euro note was the most falsified in the first half, accounting for 42.5% of the total counterfeit bills detected, followed by the 20-euro note, with 41.5%, and the 100-euro note, with the 12% of the total recovered. The least counterfeit bills were those of 5 and 500 euros (0.5%), followed by those of 10 and 200 euros (1.5% each).
The majority (over 98%) of counterfeit notes withdrawn in the first half of 2010 was detected in euro area countries, only around 1% in non-euro area EU Member States and less than 0.5% elsewhere in the world.
The ECB noted that the proportion of counterfeits detected remains at "very low" levels in relation to the growing number of genuine euro banknotes in circulation
Related news
-
News about fake notes -
-
This is the first in a planned series of articles about reports of developments in new types of payments that will appear from time to time in Currency News. We will explore technology developments as well as policy initiatives affecting payment alternatives.
