Counterfeit prevention

Counterfeiting is a global phenomenon, and is a criminal offence with an ancient history. The development of increasingly sophisticated technology is allowing counterfeiters to be more active both in Slovenia and elsewhere around the world. Every year counterfeit money is found in Slovenia, and the most likely victims are individuals who fail to closely examine the cash they are given or who are insufficiently familiar with the basic features of genuine banknotes.

European System of Cental Banks - ESCB is constantly endeavouring to protect banknotes against counterfeiting by building in a great number of new, high-quality security features that at least make it more difficult to counterfeit banknotes, if not actually prevent it. The assumption here is that the security markings must allow users to recognise that the banknotes they conduct their everyday business with are genuine without needing to use technical equipment.

More information on ECB web pages  Secutity features and Anti-counterfeiting.
 

Information on euro banknote counterfeiting - Eurosystem

On 22 January 2021, the European Central Bank published information on euro banknote counterfeiting in 2020.

Some 460,000 counterfeit euro banknotes were withdrawn from circulation in 2020 (220,000 in the second half of the year), a decrease of 17.7% when compared with 2019. The number of counterfeits remains very low in comparison with the increasing number of genuine banknotes in circulation (over 25 billion during the 2020).

 

Table 1: Counterfeited euro banknotes in 2020

Denomination

€ 5

€ 10

€ 20 

€ 50

€ 100 

€ 200

€ 500

Total

Proportion (in%)

 2.3

16.0

36.3

30.9

10.3

3.0

1.2

 100

The €20 and €50 notes continued to be the most counterfeited banknotes, jointly accounting for about two thirds of the total. Most (94.5 %) of the counterfeits were found in euro area countries.

 

Slovenia

Value of euro counterfeits, removed from circulation in Slovenia in year 2020, slightly decreased comparing to the previous year. The decrease was mainly due to the smaller number of counterfeited euro banknotes, while the number of counterfeited euro coins increased in comparison with the previous year.

The number of counterfeited euro banknotes withdrawn from circulation in 2020 was lower for more than one quarter, comparing to 2019, the number of counterfeit euro coins increased in 2020 by 17% compared to 2019.

For euro banknotes, counterfeits were the most common for the value of € 50, € 20 and € 10, while among the coins the most counterfeited coin was for € 2. Comparison of Eurosystem data in this area places Slovenia in the lower half of the countries by the number of detected banknote counterfeits.

Table 2: Denomination breakdown of euro banknote counterfeits, removed from circulation in 2020 in Slovenia

Denomination

€ 5

€ 10

€ 20 

€ 50

€ 100 

€ 200

€ 500

Total

Quantity

64

126

212

311

102

25

47

887

Proportion (in%)

7.2

14.2

23.9

35.1

11.5

2.8

5.3

100

 

Table 3: Denominational breakdown of counterfeited coins, removed from circulation in 2020 in Slovenia

Denomination

€ 0.50 

€ 1

€ 2

Total

Quantity

208

260

2,154

2,622

Proportion (in %)

7.9

9.9

82.2

100

Considering the number of net genuine euro banknotes and coins issued, the proportion of counterfeits between cash in circulation is very small.