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.
Information on euro banknote counterfeiting - Eurosystem
On 26 January 2018, the European Central Bank published biannual information on euro banknote counterfeiting.
In the second half of 2017, 363,000 counterfeit euro banknotes were withdrawn from circulation – an increase of 9.7 % compared with the first half of 2017. The number of counterfeits remains very low in comparison with the increasing number of genuine banknotes in circulation (over 21 billion during the second half of 2017).
Table 1: Counterfeited euro banknotes in the Eurosystem in the second half of 2017
The €20 and €50 notes continued to be the most counterfeited banknotes. Together they accounted for arround 85 % of all the counterfeits. Most (97.8 %) of the counterfeits were found in euro area countries.
According to NAC and CNAC figures, 3,176 counterfeit euro banknotes and 1,002 counterfeit euro coins were withdrawn from circulation in the year 2017 in Slovenia, compared to 1,323 euro banknotes and 1,030 euro coins withdrawn during the year 2016.
The highest share in the terms of quantity was accounted by counterfeits of €500 (39.2 %), closely followed by €50 (27.6 %) and €20 (21.6 %). The €2 coin (65.5 %) remains the most widespread euro coin counterfeit in Slovenia.
Table 2: Denomination breakdown of euro counterfeits, removed from circulation in 2017 in Slovenia
Compared with the year 2016, in 2017 an increase in the number of counterfeit euro banknotes, withdrawn from circulation (up by 140.1 %) and a decrease in the number of counterfeit euro coins (down by 2.7 %) was observed in Slovenia. Considering the number of genuine banknotes, net issued in circulation by Bank of Slovenia (at the end of the year 2017: 287.3 million pieces) the share of the counterfeits remains very low.