A total of 469 counterfeit euro banknotes found in Finland last year
During 2022, a total of 469 counterfeit euro banknotes were detected among banknotes in circulation in Finland.The number continued to decrease from the previous year, when 523 counterfeit euro banknotes were found in circulation.
Among the banknotes in circulation in Finland in 2022, the EUR 20 was the most frequently discovered counterfeit note (229 counterfeits),followed by the EUR 50 (166 counterfeits) and the EUR 10 (37 counterfeits).
“The number of counterfeit notes found in circulation in 2022 was low compared with previous years.Although there are few counterfeits in circulation, when handling banknotes it is always good to pay attention to banknote security features,” says OlliVehmas, Banknote Specialist at the Bank of Finland.
Period |
2018 |
2019 |
2020 |
2021 |
2022 |
Number of counterfeits |
833 |
979 |
1496 |
523 |
469 |
Euro banknotes have several security features, which can be used to check the authenticity of banknotes.Banknote authenticity can be checked by using simple tests:by feeling the raised print, looking at the banknote against the light, and tilting it.When the authenticity of an individual banknote is in doubt, the suspect banknote should be compared directly with one that is known to be genuine.Instructions and guides for checking banknote authenticity can be found on the Bank of Finland website (www.bof.fi > Money and payments).
The Bank of Finland has published a browser-based online banknote course, which is open to everyone.With the aid of the course, one can familiarise oneself with the security features of euro banknotes and obtain information on how to act in different situations if one happens to come across a counterfeit.The course can be found at banknotecourse.bankoffinland.fi (in Finnish and Swedish).
In its press release published today (www.ecb.europa.eu), the European Central Bank outlines the overall situation of euro banknote counterfeits.
For further information about Finland, please contact:
Olli Vehmas, Banknote Specialist, Bank of Finland, tel. +358 9 183 3410
Jussi Larvanto, Detective Sergeant, National Bureau of Investigation, tel. +358 295 486 954
Keywords
Images
Links
About Suomen Pankki
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
Bank of Finland rules for counterparties and customers – Rules update 2o March 202320.3.2023 11:00:00 EET | News
On 24 February 2022 the Governing Council of the European Central Bank adopted Guideline on a new-generation Trans-European Automated Real-time Gross Settlement Express Transfer system (TARGET) and repealing Guideline 2013/47/EU (ECB/2012/27) (ECB/2022/8) and has amended these guidelines on 9 November 2022. The Bank of Finland has made corresponding additions and changes. The new rules for the new-generation TARGET can be found in the collection of rules governing the TARGET- Suomen Pankki system, see Bank of Finland rules for counterparties and customers. These rules will come into force on 2o March 2023.
Finlands Banks regler för motparter och kunder – regeluppdatering 20.3.202320.3.2023 11:00:00 EET | Uutinen
ECB-rådet godkände den 24 februari 2022 den uppdaterade riktlinjen om en ny version av det transeuropeiska automatiserade systemet för bruttoavveckling av betalningar i realtid (Target) och om upphävande av riktlinje 2013/47/EU (ECB/2012/27) (ECB/2022/8) och ändrat riktlinjen den 9 november 2022. Finlands Bank har gjort motsvarande tillägg och ändringar. De nya reglerna för TARGET-Suomen Pankki-systemet, se Finlands Banks regler för motparter och kunder. Dessa regler träder i kraft den 20 mars 2023.
Suomen Pankin säännöt vastapuolille ja asiakkaille – sääntöpäivitys 20.3.202320.3.2023 11:00:00 EET | Uutinen
EKP:n neuvosto on 24.2.2022 hyväksynyt päivitetyt suuntaviivat uuden sukupolven Euroopan laajuisesta automatisoidusta reaaliaikaisesta bruttomaksujärjestelmästä (TARGET) ja suuntaviivojen 2013/47/EU (EKP/2012/27) kumoamisesta (EKP/2022/8) sekä päivittänyt näitä suuntaviivoja 9.11.2022. Suomen Pankki on tehnyt vastaavat muutokset. Uudistetut TARGET- Suomen Pankki -osajärjestelmää koskevat säännöt korvaavat TARGET2- Suomen Pankki järjestelmän vanhat säännöt ks. Suomen Pankin säännöt vastapuolille ja asiakkaille. Uudet säännöt astuvat voimaan 20.3.2023.
Bank of Finland’s interim forecast: Finnish economy in hibernation17.3.2023 11:00:00 EET | Press release
The Finnish economy slipped into recession last autumn as a result of the energy crisis brought on by Russia’s war in Ukraine. The economy’s performance will continue to be very weak in 2023, according to the Bank of Finland’s interim forecast published today. It takes time for the full effects of uncommonly high inflation and the substantial rise in interest rates to be felt in the economy. The recession is expected to be short-lived and shallow, however. Turbulence in international financial markets is adding to economic uncertainty and could lead to weaker than expected growth in the Finnish economy. “Finland’s economy has held up so far, despite the difficulties, but the full effects of high inflation and elevated interest rates have not been seen yet. Risks in the global economy have also grown again in just the past few days,” says Bank of Finland Head of Forecasting Meri Obstbaum. The Finnish economy grew by 2.1% in 2022, thanks to a strong start to the year, but the war and the
Finlands Banks interimsprognos: ekonomin i vinterdvala17.3.2023 11:00:00 EET | Tiedote
Finland drabbades hösten 2022 av en recession på grund av den energikris som Rysslands anfallskrig orsakade. Enligt Finlands Banks interimsprognos, som ges ut i dag, är den ekonomiska tillväxten alltjämt mycket svag 2023. Konsekvenserna av den exceptionellt höga inflationen och de kraftigt stigande räntorna får genomslag i ekonomin med eftersläpning. Recessionen väntas dock bli kortvarig och mild. Turbulensen på den globala finansmarknaden ökar osäkerheten i ekonomin och kan leda till svagare ekonomisk tillväxt i Finland än väntat. "Finlands ekonomi har tills vidare hållit ut trots svårigheterna, men vi har ännu inte sett alla effekter av den snabba inflationen och ränteuppgången. Dessutom har riskerna i den globala ekonomin åter ökat under den allra senaste tiden, säger Finlands Banks prognoschef Meri Obstbaum. Under 2022 växte Finlands ekonomi med 2,1 % tack vare den starka utvecklingen under början av året, men kriget och energikrisen fick konjunkturen att vända nedåt. Enligt progno
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