Nearly 50% rise in counterfeit currency in 2009

01-03-2010

The Czech National Bank reported on Monday that 6,853 counterfeit and altered banknotes and coins were uncovered in 2009, nearly 50% more than in the previous year. Czech currency comprised more than half of that number, with the 1,000-crown note being the most frequently counterfeited. The total value of the forgeries uncovered in 2009 amounted to roughly five million crowns as opposed to 2.3 million the year before. The vast majority of the banknotes were printed on ink jet printers. Nonetheless, the bank pointed out that Czech currency is comparatively very safe, with one forgery per 97,500 found in 2009 compared to one per 14,000 in the EU.