March 4, 2021

20 and 50 euros banknotes, the fake favorites


The ECB has reported that during the first half of 2019, some have been withdrawn from circulation 251,000 euro banknotes. A figure that represents a fall of 4.3% compared to the second half of 2018 and 16.6% less than in the first six months of last year.

Since the institution has described as "remote" the probability of receiving a fake ticket since its proportion is "very low" compared to authentic banknotes in circulation, which have not stopped growing without interruption at levels above GDP since the single currency was introduced in 2002.

Specifically, last year, the number and amount of the euro banknotes in circulation It has grown around 5.6% and 5.2%, respectively. Specifically, the number of banknotes in circulation is already more than 22,000 million and its total value is 1.2 billion euros, equivalent to the GDP of Spain.


«Touch, look and turn»

Once again, the 20 and 50 euros bills They are still fakers' favorites. Between them they add 80% of the fake tickets. On the other hand, the places where counterfeit bills have been found, mostly (97.2%), belonged to Eurozone countries as well as in other EU member countries although with their own currency (2.1%) and in third countries (0.7%).

The authenticity of the euro banknotes can be checked through the simple method of «Touch, look and turn» which consists in comparing the suspicious ticket with another whose authenticity we do not doubt. If suspicions are confirmed go to the Police or your central bank or bank office.

In this sense, from the European Central Bank (ECB) They have highlighted that the euro banknotes of the second series – called "Europe" – incorporate greater security measures and their publication is the result of many years of preparation. The last to go into circulation, on May 28, 2019, 100 and 200 euros bills.

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