In the period from January to June 2024, the Bundesbank removed significantly more counterfeit money from circulation in Germany than in the six months prior, detecting around 38,600 counterfeit euro banknotes with a nominal value of €2.4 million. This was 29% more than in the second half of 2023. Meanwhile, the total loss arising from counterfeit banknotes was only slightly up, by just under 5%. The increase was driven by easily identifiable counterfeits, especially of €10 and €20 banknotes, said Burkhard Balz, the Bundesbank’s Executive Board member whose remit includes cash management.

Don’t miss our updated course programme, with new courses to choose from. Take a look over our shoulders: at a film shoot, at the MoU signing ceremony in Mauritius, at discussions on HR topics with Kazakhstan, the Second Forum Bundesbank in Madrid and the Gold Conference co-hosted with the World Bank, and meet our new team at the Tokyo Representative Office.