World Economy

Fake Euros Flood Market

Fake Euros Flood MarketFake Euros Flood Market

The eurozone’s central bank said €20 banknotes were the most common counterfeit bills in 2015, DW reported. Despite the record number of counterfeit euros, the ECB said fake cash “remains very low” comparatively. The European Central Bank said an unprecedented number of counterfeit euro notes were removed from circulation across the globe in 2015. The bank withdrew a total of 445,000 fake banknotes from circulation in the second half of the year, down 2% from the first half of the year, which witnessed 454,000 counterfeit notes removed for a total of 899,000. The number was approximately 40,000 more than the previous record set in 2009, which stood at 860,000 notes.