COUNTERFEIT MONEY STILL ABOUNDS

The world’s attitude towards physical coins and bank notes may be changing, but where there is money to be made, there will still be counterfeiters. The number of counterfeit bank notes identified during the first half of 2024 in Germany increased significantly from one year earlier. The “Deutsche Bundesbank,” the central bank of Germany, reported about 38,600 fake euro-denominated bank notes in circulation, the notes having an estimated face value of about €2.4 million. This is an increase of 29% from the number of fakes identified in the previous six-month period. The two most popular denominations replicated were the €10 and €20. The Bundesbank Executive Board reported that there have been fraud cases that involve counterfeit €100 bank notes that were used to purchase genuine gold coins and cars. Interestingly,…

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World Coin News (Digital) - 1 Issue, March 2025

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