Suomen Pankki

A total of 426 counterfeit euro banknotes were detected in Finland in the first half of 2019


In the first half of 2019, a total of 426 counterfeit euro banknotes were detected among banknotes in circulation in Finland. The number of counterfeits has been fairly stable in recent years. Compared with other euro area countries, the number of counterfeit euro banknotes is modest.

There are very few counterfeit banknotes in circulation in Finland and they generally emanate from other countries, after which they are rapidly recovered,” says Olli Vehmas, Banknote Specialist at the Bank of Finland.

Of the different denominations of banknotes in circulation, the EUR 50 was the most frequently dis-covered counterfeit banknote in Finland (266 counterfeits) in the first half of 2019, followed by the EUR 20 (92 counterfeits) and EUR 100 (26 counterfeits).

It's always good to check banknotes when accepting them. Imitation banknotes that resemble euro banknotes, such as so-called souvenir banknotes and movie money, might be illegal. Occasionally, this type of counterfeit money is successfully used as a means of payment,” says Vehmas.

Period (the first or second half of the year)






Number of counterfeits






The new series of euro banknotes, of which the last denominations, the EUR 100 and EUR 200 bank-notes, were issued on 28 May, will help prevent counterfeiting. The other denominations were issued earlier. The banknote security features involve the latest technology, as a result of which banknote counterfeiting is even more difficult than before.

A number of security features have been incorporated into euro banknotes for authentication purpos-es. Banknote authenticity can be checked by using simple tests, i.e. by feeling the raised print, looking at the banknote and tilting it. When in doubt, a suspect banknote should be compared directly with one that is known to be genuine. Instructions and guidelines for checking banknote authenticity can be found on the Bank of Finland website.

In a press release issued today, the European Central Bank provides an overview of the situation re-garding counterfeit euro banknotes.



Olli Vehmas, Banknote Specialist, Bank of Finland, Tel. +358 9 183 3410



About Suomen Pankki

Suomen Pankki
Suomen Pankki
Snellmaninaukio, PL 160

09 1831

The Bank of Finland is the national monetary authority and central bank of Finland. At the same time, it is also a part of the Eurosystem, which is responsible for monetary policy and other central bank tasks in the euro area and administers use of the world’s second largest currency – the euro.

Subscribe to releases from Suomen Pankki

Subscribe to all the latest releases from Suomen Pankki by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Suomen Pankki

Housing loan drawdowns lower and holiday cottage loan drawdowns higher than normal in May30.6.2020 13:00:00 EESTPress release

Drawdowns of new housing loans amounted to EUR 1.5 bn in May 2020, a decline of 22% on May 2019. Housing loan drawdowns in May have last been below this amount in 2015. The annualised agreed rate was 0.75%, unchanged on April 2020. Despite the low level of housing loan drawdowns in April and May 2020, annual growth in the housing loan stock (2.8%) has not moderated. This is partly due to the extensive use of interest-only periods for housing loans. After a record surge in April, however, the volume of renegotiated housing loan agreements [1] fell back to almost normal levels in May. In May 2020, the average repayment period of new housing loans surpassed 21 years for the first time and was 21 years 4 months. Over 70% of new housing loans in May were with a maturity of over 20 years. Loans with longer maturities (over 29 years) accounted for 9% of new housing loans, compared with 5% a year earlier in May. May 2020 proved exceptionally busy for drawdowns of loans for holiday residences (

Mindre efterfrågan på bostadslån och större efterfrågan på stuglån i maj än normalt30.6.2020 13:00:00 EESTTiedote

I maj 2020 utbetalades nya bostadslån för 1,5 miljarder euro, vilket är 22 % mindre än vid motsvarande tid för ett år sedan. Utbetalningarna av bostadslån har senast varit mindre i maj år 2015. I maj 2020 var den överenskomna årliga räntan på nya bostadslån (0,75 %) densamma som i april 2020. Trots den svaga efterfrågan i april och maj 2020 har årsökningen i det utestående beloppet av bostadslån (2,8 %) inte mattats av. Det omfattande intresset för att utnyttja möjligheten till amorteringsfrihet har bidragit till att upprätthålla tillväxttakten. Antalet omförhandlade [1] avtal om bostadslån återställdes emellertid efter en rekordlivlig aprilmånad till nära normal nivå i maj. I maj 2020 översteg den genomsnittliga återbetalningstiden för nya bostadslån första gången 21 år och var 21 år 4 månader. I maj hade över 70 % av de nya bostadslånen en återbetalningstid som var längre än 20 år. Av de nya bostadslånen var andelen lån med en längre återbetalningstid (över 29 år) 9 %, när deras ande

Asuntolainanostoja toukokuussa tavanomaista vähemmän ja mökkilainanostoja runsaammin30.6.2020 13:00:00 EESTTiedote

Toukokuussa 2020 uusia asuntolainoja nostettiin 1,5 mrd. euron edestä, mikä on 22 % vähemmän kuin vuosi sitten vastaavana aikana. Toukokuun aikana asuntolainoja nostettiin vähemmän viimeksi vuonna 2015 . Toukokuussa 2020 uusien asuntolainojen sovittu vuosikorko (0,75 %) oli sama kuin huhtikuussa 2020. Huhti- ja toukokuun 2020 vähäisistä nostomääristä huolimatta asuntolainakannan vuosikasvuvauhti (2,8 %) ei ole hidastunut. Kasvuvauhtia on ylläpitänyt osaltaan lyhennysvapaiden laaja käyttö. Uudelleen neuvoteltujen [1] asuntolainasopimusten määrä palasi kuitenkin ennätysvilkkaan huhtikuun jälkeen toukokuussa lähes normaalitasolle. Toukokuussa 2020 uusien asuntolainojen keskimääräinen takaisinmaksuaika ylitti ensimmäistä kertaa 21 vuotta ja oli 21 vuotta 4 kuukautta. Toukokuussa yli 70 % uusista asuntolainoista oli takaisinmaksuajaltaan yli 20 vuotta. Toukokuussa takaisinmaksuajaltaan pidempien lainojen (yli 29 vuotta) osuus uusista asuntolainoista oli 9 %, kun vuosi sitten toukokuussa nii

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom