29 Jan 2011 - The value of the euro may have come under pressure in recent months, but there os some good news for the European currency as the production of counterfeit notes and coins remains relatively low. The European Commission said this week that the number of counterfeit euro coins removed from circulation last year rose 8% to 186,000. But the number of fake notes withdrawn by officials dropped 12,6% to 751,000. So while the total number of coins may have risen their total value was only about EUR 300,000, and the value of counterfeit euro notes came to about EUR 30 million. Those are small sums when compared with the total value of euro notes and coins in circulation, which was about EUR 860 billion in 2010. The EUR 2 coin remains the favourite for counterfeiters, representing three of every four fake euro coins. Among banknotes phony EUR 20 and 50 bills are most common. So please take note during your next trip to the Eurozone.
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