The European Central Bank has launched an investigation after counterfeit €50 notes were advertised for sale on the internet.

The notes are being offered in bundles of 21, for a price of €50, by a British printing company.

The website in question claims the fake notes were ordered for use in a Hollywood blockbuster movie that has since been abandoned.

It is selling 2,000 bundles, each comprising of 21 counterfeit notes, for €50. A disclaimer on the website says the notes should only be used for entertainment purposes. This follows a claim that the counterfeit currency is so good, some banks could not spot them as being fake.

The European Central Bank says it is treating as very serious the possibility that counterfeit notes are being sold online.

It has launched an investigation as to whether the strict reproduction rules governing euro banknotes have been broken and says it will follow up its enquiries by contacting the relevant national authorities. Full Story Here