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 25 January 2019, the European Central Bank published biannual information on euro banknote counterfeiting.

In the second half of 2018, 262,000 counterfeit euro banknotes were withdrawn from circulation – a decrease of 13.0% compared with the first half of 2018. The number of counterfeits remains very low in comparison with the increasing number of genuine banknotes in circulation (over 22 billion during the second half of 2018).

 

Table 1: Counterfeited euro banknotes in the Eurosystem in the second half of 2018

Denomination

€ 5

€ 10

€ 20 

€ 50

€ 100 

€ 200

€ 500

Total

Proportion (v%)

 1.6

2.6

22.7

61.8

9.0

0.9

1.4

 100

The €20 and €50 notes continued to be the most counterfeited banknotes. Together they accounted for over 80 % of all the counterfeits. Most (96.7 %) of the counterfeits were found in euro area countries.

 

Slovenia

Value of euro counterfeits, removed from circulation in Slovenia in year 2018, decreased for nearly half comparing to the previous year. The decrease was mainly due to the smaller number of counterfeit banknotes, while the number of counterfeit euro coins increased in comparison with the previous year. Slovenia is among the more successful countries in facing the issue of counterfeit currency.

While in 2017, the value of counterfeit euro coins and banknotes withdrawn from circulation exceeded 720,000 euros, falling last year to 374,000 euros. While the number of counterfeited euro banknotes withdrawn from circulation in 2018 was, lower for almost half as compared to 2017, the number of counterfeit euro coins increased by almost 40%. For banknotes, counterfeits were the most common for the value of 20, 50 and 500 euros, while among the coins the most counterfeited coin was for two euros. Comparison of Eurosystem data in this area places Slovenia in the lower half of the countries by the number of detected counterfeits.

Table 2: Denomination breakdown of euro counterfeits, removed from circulation in 2018 in Slovenia

Denomination

€ 5

€ 10

€ 20 

€ 50

€ 100 

€ 200

€ 500

Total

Quantity

7

46

192

761

122

28

623

1,779

Proportion (v%)

0.4

2.6

10.8

42.8

6.8

1.6

35.0

100

 

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