COUNTERFEIT CURRENCY REPORT · 2020. 11. 4. · Counterfeit Currency Report – January–September...
Transcript of COUNTERFEIT CURRENCY REPORT · 2020. 11. 4. · Counterfeit Currency Report – January–September...
CASH DEPARTMENT
COUNTERFEIT CURRENCY
REPORT
January–September 2020
October 2020
Counterfeit Currency Report – January–September 2020 National Bank of Serbia
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Contents:
1 Expert analysis of banknotes and coins ........................................................ 2
2 Expert analysis of foreign currency banknotes ............................................. 4 3 Ratio of counterfeit dinar to foreign currency banknotes ............................. 6
Counterfeit Currency Report – January–September 2020 National Bank of Serbia
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1 Expert analysis of banknotes and coins
In the first nine months of the year, expert analysis of suspected counterfeit
banknotes showed that 1,765 notes were indeed counterfeits.
Table 1 shows the denomination structure of detected dinar counterfeits.
In terms of the denomination structure of detected dinar counterfeits, the 1000-,
2000- and 500-dinar banknotes accounted for the dominant share (Chart 1).
Percentage-wise, these three denominations made up 97.3% of the overall number of
dinar counterfeits.
Table 1 Overview of detected banknote counterfeits
January–September 2020 (in pieces)
Denomination 5,000 2,000 1,000 500 200 100 50 Total
Pieces 17 565 741 412 25 4 1 1,765
Share in % 1.0 32 42 23.3 1.4 0.3 0.1 100
Source: NBS.
0,1%0,3%
1,4%
23,3%
42%
32%
1%
50 100 200 500 1000 2000 5000
Chart 1 Denomination structure of dinarbanknote counterfeits, January−September 2020
(pieces)
Source: National Bank of Serbia.
Counterfeit Currency Report – January–September 2020 National Bank of Serbia
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Chart 2 illustrates the trends observed over the last ten years in terms of the
number of detected banknote counterfeits of the three most frequent denominations.
In value terms, the 2000- and 1000-dinar banknotes made up the largest share of
the dinar counterfeit structure (Table 2 and Chart 3). In percentage terms, these two
denominations accounted for 86.3% of all dinar counterfeits.
2.531
1.3821.562 1.267
741
1.729
9641.372
1.199
728
7.213
2.330 2.1061.590
860
1.435
2.115
2.770
1.782 1.870
725 1.114350
2.087
2.808
1.510
794
1.239
0
1000
2000
3000
4000
5000
6000
7000
8000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
500-dinar 1000-dinar 2000-dinar
Chart 2 The most frequent dinar counterfeits (in pieces)
Source: National Bank of Serbia.
Denomination 5000 2000 1000 500 200 100 50 Total
Pieces 85 1130 741 206,0 5,0 0,4 0,1 2.167,5
Share in % 4 52,1 34,2 9,5 0,2 0 0 100
Source: National Bank of Serbia.
Table 2 Dinar banknote counterfeits, January–September 2020
(RSD thousand)
0%
0%
0,2%
9,5%
34,2%
52,1%
4%
50 100 200 500 1000 2000 5000
Chart 3 Denomination structure of dinar banknote counterfeits, January−September 2020
(nominally)
Source: National Bank of Serbia.
Counterfeit Currency Report – January–September 2020 National Bank of Serbia
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A comparison of the number of detected banknote counterfeits with that of genuine
dinar banknotes in circulation reveals that 3.89 in every 1 million circulating banknotes
were found to be counterfeit, i.e. there was RSD 6,996.39 worth of counterfeits in
every RSD 1 billion.
2 Expert analysis of foreign currency banknotes
In the January–September 2020 period, expert analysis of suspected counterfeit
banknotes showed that 363 notes were indeed counterfeits.
In the observed period, 329 counterfeit euro notes were detected. The ratio
between the number of the most frequently detected euro counterfeits – 100- and 50-
euro banknotes over the last ten years is presented in Chart 4.
In the first nine months of the year, 29 counterfeit dollar banknotes were detected.
In the observed period, almost solely the 100-dollar note was falsified.
133
966
295
159118
535734
299
776
124
511
227
197129
1.081
243
1.023
323
239
854
0
200
400
600
800
1.000
1.200
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
50-euro 100-euro
Chart 4 The most frequent euro counterfeits
(in pieces)
Source: National Bank of Serbia.
Currency
Denomination 500 200 100 50 20 10 50 100
Pieces 42 12 132 80 62 1 329 1 28 29 5 363
Share in % 11,6 3,3 36,4 22 17 0,3 90,6 0,3 8 8 1,4 100
Source: National Bank of Serbia.
ЕUR Total
EUR
Total
USDOther Total
Тable 3 Foreign currency banknote counterfeits, January–September 2020
(pieces)
USD
Counterfeit Currency Report – January–September 2020 National Bank of Serbia
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Chart 5 shows movements in the number of detected 100-dollar counterfeits over
the last ten years.
In the observed period, the item “Other” in Table 3 refers to fake banknotes in four
different currencies: German mark (two pieces), pound sterling (one piece), Russian
rouble (one piece), and Swedish krona (one piece).
In nominal value terms, the share of individual currencies in total foreign currency
counterfeits is best illustrated if expressed in euros,1 as shown in Chart 6.
1 For conversion of other currencies into euros, we used the middle exchange rate as at 8 October 2020.
1.572
74 94
266
504
1.193
107 141 105 120
0
200
400
600
800
1.000
1.200
1.400
1.600
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
100-dollar
Chart 5 The most frequent US-dollar counterfeits(in pieces)
Source: National Bank of Serbia.
41,8
2,40,4
0
5
10
15
20
25
30
35
40
45
EUR USD Other
Chart 6 Foreign currency banknote counterfeits,
January−September 2020
(in EUR thousand)
Source: National Bank of Serbia.
Counterfeit Currency Report – January–September 2020 National Bank of Serbia
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3 Ratio of counterfeit dinar to foreign currency banknotes
Chart 7 shows the ratio of detected dinar to foreign currency counterfeits (in terms
of the number of pieces) in the January–September 2020 period.
As shown, the share of counterfeit dinar banknotes (79.4%) exceeds the share of
all detected foreign currency counterfeits.
However, in nominal value terms, the share of individual currencies in total
counterfeit banknotes in the first nine months of 2020 is best illustrated if expressed in
dinars,2 as shown in Chart 8.
2 The middle exchange rate as at 8 October 2020 was applied to convert the value of other currencies to
the dinar.
1.765
329
29 5
RSD EUR USD Other
Chart 7 Currency structure of banknote counterfeits
detected in January−September 2020
(in pieces)
Source: National Bank of Serbia.
2.167,5
4.920,0
285,046,2
RSD EUR USD Other
Chart 8 Currency structure of banknote counterfeits
detected in January ̶ September 2020
(in RSD thousand)
Source: National Bank of Serbia.
Counterfeit Currency Report – January–September 2020 National Bank of Serbia
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The euro (66.3%), followed by the dinar (29%) and the US dollar (3.8%) took up
the dominant share in total discovered counterfeits.
NOTE: In February this year, the police seized 20,564 counterfeit 100-dollar
banknotes (nominal value - USD 2,056,400), which is not covered by this Report as
the forged notes were detected and seized before they were put in circulation.