Money | July 10, 2008 | 2 comments

Fake euro notes on the rise

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The number of fake euro banknotes is on the rise, the European Central Bank (ECB) said on Thursday, with the 50 euro note the preferred choice of counterfeiters.

The ECB said the number of fake euro notes seized by authorities had jumped more than 15 percent in the first six months of the year.

The ECB said 36 percent of all seizures were 50 euro notes, 33 percent were 20's and 21.5 percent of recoveries were 100 euro notes.
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