The European Central Bank said it removed 19 percent fewer counterfeited euro banknotes from circulation in the first half of the year compared with the previous six months.
The Frankfurt-based central bank withdrew about 251,000 forged notes in the six months through June, compared with about 310,000 between July and December 2011, it said in an e-mailed statement today. From a year earlier, the number was down 15.2 percent.
The ECB said the most counterfeited denominations remain the 20-euro and 50-euro notes, which together accounted for 77 percent of discovered forgeries. The proportion of counterfeit notes compared with the total in circulation remains “very low,” it said.
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