555 Counterfeit Banknotes Detected in Croatia

Total Croatia News

ZAGREB, August 16, 2019 – In the first half of 2019, a total of 555 counterfeit banknotes were detected in circulation in Croatia, the Croatian National Bank (HNB) has reported, underscoring that it “is a decrease of 62.7% from total registered banknote counterfeits of all currencies in the same period in 2018”.

Of those 555 forged banknotes, 278 counterfeits were kuna banknotes, which is an increase of 5.7% relative to 263 registered counterfeit kuna banknotes withdrawn from circulation in the same period in 2018.

“Given an average of 254.3 million kuna banknotes in circulation in the first half of 2019, an average of 1.1 counterfeit kuna banknotes were detected per 1 million genuine banknotes in circulation in the said period.”

“The most frequently counterfeited domestic currency denomination was a 200 kuna banknote, with 124 counterfeits registered (44.6% of total kuna counterfeits), followed by 1000 and 500 kuna banknotes, which together accounted for 38.1% of total registered kuna banknote counterfeits,” the bank has reported.

Of 277 counterfeited foreign currency banknotes, fake euro banknotes accounted for 224 of them.

“A total of 224 counterfeit euro banknotes were registered from January to June 2019, which is a decrease of 81.4% relative to 1,203 registered counterfeit euro banknotes withdrawn from circulation in the same period in 2018., the HNB says.

“With 112 banknotes withdrawn from circulation, 50-euro banknotes accounted for the largest share (50.0%) in the total number of registered counterfeit euro banknotes.”

The amount of the counterfeit money in the said period did not cause any major disturbances in the money flows.

More news about the Croatian National Bank can be found in the Business section.


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