Status report on euro counterfeits recovered in the second half of 2016

Banknotes

In the second half of 2016 a total of 1,346 counterfeit euro banknotes were recovered in Slovakia. This number was approximately one-quarter higher compared to the same period of the previous year.

Half-yearly trend in the number of counterfeit euro banknotes

The most numerous denominations of the counterfeit banknotes recovered in the second half of 2016 were €50 (46.8% of the total) and €20 (20.9%).

Number of counterfeit euro banknotes by denomination

While the quality of counterfeit banknotes is generally high, the public can detect them without special equipment if they stay vigilant when receiving banknotes. Genuine banknotes can be easily recognised using the “feel, look and tilt” method described on the euro pages of the ECB’s website (www.ecb.int) and the websites of the Eurosystem national central banks.

Coins

In the second half of 2016 a total of 638 counterfeit euro coins were recovered in Slovakia – approximately one-third fewer than in the second half of 2015. Counterfeit €2 coins accounted for 65.8% of the total.

Half-yearly trend in the number of counterfeit euro coins

The technical quality of coin counterfeits is mostly high or very high, and it may therefore be quite difficult for the public to detect them, especially if insufficient attention is paid to coins when received.

Number of counterfeit euro coins by denomination

The easiest way to detect a counterfeit coin is with a simple magnet. Genuine €1 and €2 coins have a magnetic core and therefore by applying a magnet to the core it is possible to compare the magnetism of a suspect coin with that of a genuine coin. It is also important to observe the general appearance and colour of a suspect coin. In the case of a suspect €2 coin, it is also recommended to check the edge lettering.

More detailed information about the common and national sides of euro circulation coins can be found on the websites of the ECB and Národná banka Slovenska.