50-Euro Note Most Counterfeited

The European Central Bank’s latest report on euro note counterfeiting shows that “The 50-Euro was the most counterfeited banknote in the first half of 2007, accounting for around a half of the total counterfeits found in circulation.” Total number of fake euros found in the first half of 2007 was listed as 265,000, meaning fake 50-Euros seized numbered about 132,500 notes with a face value of 6,625,000 Euros. That’s $9,138,127.50 in today’s U.S. dollars. Actually, 265,000 out of about 11 billion notes in circulation isn’t bad.

Read Full Story

Related Articles

About the Author

RSS Feed for This PostPost a Comment

DISCLAIMER: All content within CoinLink is presented for informational purposes only, with no guarantee of accuracy.
CoinLink does not buy or sell coins or numismatic material, and has no ownership interest in any web site listed within CoinLink.
All News and Article links are direct, without framing, to the original source, which is solely responsible for the content.
No endorsement or affiliation to or from CoinLink is made.