More Kuna and Euro Counterfeits Detected in Croatia in 2018

Total Croatia News

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ZAGREB, Feb 4 (Hina) – A total of 499 counterfeit kuna banknotes were detected in Croatia in 2018, which was 97.2% or 246 banknotes more than in 2017, while the number of euro counterfeits increased by 89.5% to 1,488, the Croatian National Bank (HNB) stated on Monday.

A total of 236 counterfeit kuna banknotes were withdrawn from circulation from July to December 2018, and given the average of 258 million kuna banknotes in circulation in the second half of 2018, 0.91 counterfeit kuna banknotes were detected per one million genuine banknotes in circulation in the said period.

In the second half of 2018, most frequently counterfeited domestic currency denomination was a 200-kuna banknote, with 124 counterfeits or 52.5%, and 50- and 500-kuna banknotes, which together accounted for 36.4% of total registered kuna banknote counterfeits, the bank reports.

In the second half of 2018, a total of 285 counterfeit euro banknotes were withdrawn from circulation.

In that period “the largest number of withdrawn counterfeits were 50-euro banknotes (157 banknotes), accounting for 55.1% of the total number of registered counterfeit euro banknotes.”

“As regards their number and quality of production, counterfeit banknotes registered in 2018 did not cause any disturbances in the cash operations of specialised institutions and the public or large-scale financial damage,” the central bank said.

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


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