In light of “Corona” .. a significant decrease in the number of counterfeit currencies in Europe

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Corona pandemic restrictions in the trade, manufacturing and hospitality sectors reduced the numbers of counterfeit money in Europe in the first half of 2021.

And the German Central Bank announced in Frankfurt today, Friday, that the number of seized counterfeit banknotes decreased in Germany and Europe, and the size of the losses was also smaller.

According to a report issued by the bank, the police, retailers and banks withdrew 21,356 counterfeit euro banknotes from circulation in Germany in the first six months of this year, a decrease of 13% compared to the second half of 2020, in which 24,633 banknotes were seized. Euro counterfeit.

The damage from counterfeit currency trading was reduced by 16% from €1.2 million to just over €1 million.

Across the eurozone, central banks registered a total of 167,000 counterfeit euro banknotes with a total value of €8 million in the first half of 2021, with this downward trend continuing since the second half of 2019.

In the first half of 2020, 240,000 counterfeit papers were detected, according to European Central Bank data, and then 220,000 counterfeit papers in the second half of 2020, bringing the total damage caused by counterfeit money to the entire Europe of about 21.5 million euros in 2020.

“The number of counterfeit money has fallen dramatically,” said Johannes Bermann, a member of the Bundesbank’s executive board. The reason for this is the restrictions of the Corona pandemic, where consumption options have been severely restricted, especially in areas where cash circulation plays an important role.







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