Monday, July 13, 2009
From Deutsche Welle:
The European Central Bank, ECB, has reported a 17 percent jump in the number of seized counterfeit euro notes. It marks the highest rate since the EU currency was introduced in 2002.Update (for commenter Pablo below): According to the ECB, the increase in counterfeiting is "due entirely to existing counterfeit classes being distributed more widely than before."
Twenty and fifty euro notes made up almost fifty percent of the total number largely recovered from across the 16 nations which use the common currency.
Simply put: the use of already printed counterfeit currency is up. We will see if this story goes any further.