Counterfeit money is not only circulating in crime novels!
It is a well-known race: Fraudsters have always promised themselves great wealth from counterfeit money. Countries all over the world equip their currency with security features to make it as counterfeit-proof as possible and take strict action against counterfeiters. Nevertheless, counterfeit money is still found in payment transactions from time to time. This article explains how widespread counterfeit money is in Germany, what the consequences of counterfeit cash are and how it can be recognized.
What do counterfeiters most often look for?
The above statements inevitably lead to the question of which bills and coins fraudsters prefer to counterfeit. First of all, it would be conceivable that only high-value banknotes would be in focus. However, this is a misconception. Fraudsters have apparently known for a long time that a 200- or 500-euro bill, for example, is likely to be met with great suspicion. Perhaps this is one reason why they seem to concentrate more on banknotes that we often hold in our hands in everyday life. Thats why people are more inclined to use or trade money online in exness web trading.
At least, this is what the Bundesbank's figures suggest: according to them, the 20-euro note was at the top of the "popularity scale" among counterfeiters in 2013. According to the press release, this banknote was the most frequently counterfeited bill in 2013, accounting for 39% of all counterfeits.
It is followed shortly behind by the 50-euro bill, which, according to the bank's breakdown, accounted for 38% of counterfeit money in the banknote sector in 2013.
However, the situation is different for coins: Here, according to the bank, the most valuable coin - the 2-euro coin - was actually the most popular with counterfeiters, accounting for 80% in 2013.
Conclusion: If you know which bills and coins are most frequently counterfeited, you also know which banknotes and coins you should be particularly careful with. So keep a special eye on the 20- and 50-euro notes and on the 2-euro coin.
But don't forget to look carefully at the other notes and coins as well: They too are counterfeited, albeit less frequently! In the case of coins, however, this only affects the 50-cent, 1-euro and 2-euro coins, according to the Bundesbank's press release.
The most important points at a glance:
Although the volume of counterfeit money in Germany is declining, there is still a risk that you, too, will once hold a flower or a counterfeit coin in your hands.
Figures from the German Bundesbank reveal that in 2013, the 20 and 50 euro bills were apparently the most popular with counterfeiters. Among the coins, the 2-euro coin had the highest number of detected counterfeits last year.
Anyone who discovers counterfeit money must notify the police so as not to become liable to prosecution themselves.
The best protection against counterfeit money is knowledge: get to grips with the security features of bills and coins, check your bills, make sure you know the denominations, and stay up to date on the introduction of new banknotes.