Counterfeit banknotes up 30 pct in Netherlands

14th July 2009, Comments 0 comments

Over 30 percent more forged euro notes have been seized in the Netherlands in the first half of 2009 as compared to the last six months of 2008.

The Netherlands – About 30 percent more fake euro bills have been seized in the first half of 2009 than in the last six months of 2008, announced the Dutch Central Bank (DNB).

Over the first six months of 2009, around 32,000 bills were intercepted. This is a fraction of the estimated 400 million notes circulating in the Netherlands.

The reason for the increase is unclear. The Dutch Central Bank suspects that a gang of forgers has become more active in the Netherlands.

The increase could also be attributed to a growing number of retailers who possess the right equipment to detect counterfeit notes.

Overall, the eurozone saw a 17-percent increase or 413,000 counterfeit notes.

In Netherlands, most forgeries are of 50-euro notes. In other eurozone countries, the 20-euro bill is most popular.

Radio Netherlands / Expatica

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