Counterfeit prevention

Counterfeiting is a global phenomenon, and is a criminal offence with an ancient history. The development of increasingly sophisticated technology is allowing counterfeiters to be more active both in Slovenia and elsewhere around the world. Every year counterfeit money is found in Slovenia, and the most likely victims are individuals who fail to closely examine the cash they are given or who are insufficiently familiar with the basic features of genuine banknotes.

European System of Cental Banks - ESCB is constantly endeavouring to protect banknotes against counterfeiting by building in a great number of new, high-quality security features that at least make it more difficult to counterfeit banknotes, if not actually prevent it. The assumption here is that the security markings must allow users to recognise that the banknotes they conduct their everyday business with are genuine without needing to use technical equipment.

More information on ECB web pages  Secutity features and Anti-counterfeiting.
 

Information on euro banknote counterfeiting - Eurosystem

On 24 January 2020, the European Central Bank published biannual information on euro banknote counterfeiting.

In the second half of 2019, 308,000 counterfeit euro banknotes were withdrawn from circulation – an increase of 22.7% when compared with the first half of 2019. The number of counterfeits remains very low in comparison with the increasing number of genuine banknotes in circulation (over 24 billion during the second half of 2019).

 

Table 1: Counterfeited euro banknotes in the Eurosystem in the second half of 2019

Denomination

€ 5

€ 10

€ 20 

€ 50

€ 100 

€ 200

€ 500

Total

Proportion (v%)

 2.4

13.5

34.2

36.5

9.6

1.4

2.4

 100

The €20 and €50 notes continued to be the most counterfeited banknotes. Together they accounted for over 70 % of all the counterfeits. Most (96.4 %) of the counterfeits were found in euro area countries.

 

Slovenia

Value of euro counterfeits, removed from circulation in Slovenia in year 2019, heavily decreased comparing to the previous year. The decrease was mainly due to the smaller number of counterfeited euro banknotes, while the number of counterfeited euro coins increased in comparison with the previous year.

While in 2018, the value of counterfeited euro coins and banknotes withdrawn from circulation exceeded 374,000 EUR, last year felt to 76,000 EUR. The number of counterfeited euro banknotes withdrawn from circulation in 2019 was lower for almost one third, comparing to 2018, while the number of counterfeited euro coins increased by 60%. For euro banknotes, counterfeits were the most common for the value of € 50, € 20 and € 100, while among the coins the most counterfeited coin was for € 2. Comparison of Eurosystem data in this area places Slovenia in the lower half of the countries by the number of detected counterfeits.

Table 2: Denomination breakdown of euro banknote counterfeits, removed from circulation in 2019 in Slovenia

Denomination

€ 5

€ 10

€ 20 

€ 50

€ 100 

€ 200

€ 500

Total

Quantity

11

57

182

852

94

13

27

1,236

Proportion (v%)

0.9

4.6

14.7

69.9

7.6

1.1

2.2

100

 

Table 3: Denominational vreakdown of counterfeited coins, removed from circulation in 2019 in Slovenia

Denomination

€ 0.50 

€ 1

€ 2

Total

Quantity

276

218

1,743

2,237

Proportion (v%)

12.3

9.8

77.9

100

Considering the number of net genuine euro banknotes and coins issued, the proportion of counterfeits between cash in circulation is very small.