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 28 January 2022, the European Central Bank published information on euro banknote counterfeiting in 2021.

Some 347,000 counterfeit euro banknotes were withdrawn from circulation in 2021 (180,000 in the second half of the year), a decrease of 24.6% when compared with 2020. In 2021, 12 counterfeits were detected per 1 million genuine banknotes in circulation, which is a historically low level.

 

Table 1: Counterfeited euro banknotes in 2021

Denomination

€ 5

€ 10

€ 20 

€ 50

€ 100 

€ 200

€ 500

Total

Proportion (in%)

 2.4

15.7

32.1

33.8

9.5

5.5

1.0

 100

The €20 and €50 notes continued to be the most counterfeited banknotes, jointly accounting for about two thirds of the total. Most (95.4 %) of the counterfeits were found in euro area countries.

 

Slovenia

In the year 2021, comparing to 2020, there was a decrease in the number of counterfeited euro banknotes and in the number of counterfeited euro coins, removed from circulation.

The number of counterfeited euro banknotes withdrawn from circulation in 2021 was lower for one third, comparing to 2020, the number of counterfeit euro coins decreased in 2021 by 5.6% compared to 2020.

For euro banknotes, counterfeits were the most common for the value of € 50, € 100 and € 20, 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 2021 in Slovenia

Denomination

€ 5

€ 10

€ 20 

€ 50

€ 100 

€ 200

€ 500

Total

Quantity

5

42

106

221

123

6

95

598

Proportion (in%)

0.8

7.0

17.7

37.0

20.6

1.0

15.9

100

 

Table 3: Denominational breakdown of counterfeited coins, removed from circulation in 2021 in Slovenia

Denomination

€ 0.50 

€ 1

€ 2

Total

Quantity

100

137

2,238

2,475

Proportion (in %)

4.1

5.5

90.4

100

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