Coun­ter­feit bills hot in Ger­many

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM -

This news might not sit well with cash-lov­ing Ger­mans.

The num­ber of coun­ter­feit euro ban­knotes in Europe’s largest econ­omy rose by 8.7 per­cent in the first six months of this year, even as they de­clined in the euro re­gion as a whole. Ac­cord­ing to a Bun­des­bank re­port pub­lished Fri­day, this means about one note per 1,000 in­hab­i­tants in Ger­many is a fake.

Fifty-euro notes are by far the most pop­u­lar with forg­ers, ac­count­ing for 47.6 per­cent of all coun­ter­feits seized in the euro area, ac­cord­ing to a sep­a­rate pub­li­ca­tion by the Euro­pean Cen­tral Bank, which said a to­tal of 331,000 bills were re­moved from cir­cu­la­tion so far this year. In Ger­many, the share of fake fifties is even higher at 63 per­cent — a fact which could prove trou­ble­some given the coun­try’s ex­traor­di­nary love of cash.

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