Status report on euro counterfeits recovered in the first half of 2019
In the first half of 2019 a total of 661 counterfeit euro banknotes were recovered in Slovakia. This number was around 5.4% lower compared with the second half of 2018. Approximately 1% of these counterfeits were recovered out of circulation by police.
Half-yearly trend in the number of counterfeit euro banknotes
The counterfeit banknotes recovered in the first half of 2019 consisted mostly of counterfeit €50 banknotes (52.5%) and €100 banknotes (21.3%).
Breakdown of counterfeit euro banknotes by denomination
|5 €||10 €||20 €||50 €||100 €||200 €||500 €||Total|
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.
In the first half of 2019 a total of 567 counterfeit euro coins were recovered in Slovakia, all from circulation. Counterfeit €2 coins accounted for 80.8% 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.
Breakdown of counterfeit euro coins by denomination
|20 cent||50 cent||1 €||2 €||Total|
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.
Martina Vráblik Solčányiová
National Bank of Slovakia
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2142, +421-2-5865 2142, +421-2-5787 2169, +421-2-5865 2169
Reproduction is permitted provided that the source is acknowledged.