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More counterfeit €200 and €500 banknotes in circulation
In the first half of 2023, the Bundesbank withdrew approximately 26,700 counterfeit euro banknotes with a nominal value of just under €2.9 million from circulation in Germany. This was 10% more counterfeit banknotes than in the second half of 2022. The number of counterfeit €200 and €500 banknotes rose in particular. “The incidence of counterfeit banknotes is still low, however. Statistically speaking, there were six counterfeit banknotes per 10,000 inhabitants,” stated Burkhard Balz, the Bundesbank Executive Board member responsible for cash management.
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Security features of the €100 banknote, first series Counterfeit detection
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Security features of the €100 banknote, Europa series Counterfeit detection
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Security features of the €5 banknote, Europa series Counterfeit detection
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Security features of the €500 banknote, first series Counterfeit detection
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Security features of the €500 banknote, first series Counterfeit detection
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Security features of the €20 banknote, Europa series Counterfeit detection
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Security features of the €200 banknote, Europa series Counterfeit detection
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Security features of the €10 banknote, Europa series Counterfeit detection
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Cash Management – be prepared for the future
Is cash a thing of the past? Certainly not! It is an important means of payment and will remain so in the future. A central bank should be well prepared in this respect. In this age of automation and digitalisation, it is important to address the right questions and make adjustments for the future. The CIC has an interesting proposal relating to this issue.