Suomen Pankki

A total of 523 counterfeit euro banknotes found in Finland in 2021

Share

In 2021, a total of 523 counterfeit euro banknotes were detected among banknotes in circulation in Finland. This was the lowest figure since 2014, when the number of counterfeit euro banknotes was 502. In 2020, the corresponding figure was 1,496.

‘Last year the number of counterfeits was modest in Finland. Usually around 500–2,000 counterfeit euro banknotes are found in Finland each year, so last year there were few counterfeit notes compared with many other years,’ says Olli Vehmas, Banknote Specialist at the Bank of Finland.

Of the different banknotes in circulation in 2021, the EUR 20 was the most frequently discovered counterfeit note (188 counterfeits) in Finland, followed by the EUR 10 (156 counterfeits) and the EUR 50 (148 counterfeits).

Although it is very rare that one would receive a counterfeit note, it is always advisable to check the security features when handling banknotes,’ Vehmas emphasises.

Year

2017

2018

2019

2020

2021

Number of counterfeits

766

833

979

1,496

523

A number of security features have been incorporated into euro banknotes for authentication purposes. Banknote authenticity can be checked by using simple tests, i.e. by feeling the raised print, looking at the banknote against the light and tilting it. When in doubt, a 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 new online course on banknotes, which is available to all. The course helps you to familiarise yourself with the security features of euro banknotes and provides information on how to act in different situations if you receive a counterfeit note. The online course is available in Finnish and Swedish here.

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

For further information on the situation in Finland, please contact:

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

Juha Jääskelä, Detective Sergeant, National Bureau of Investigation, tel. +358 295 486 233.

Keywords

Images

Links

About Suomen Pankki

Suomen Pankki
Suomen Pankki
Snellmaninaukio, PL 160
00101 HELSINKI

09 1831http://www.bof.fi

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

Eurooppalaisten pankkien kriisinkestävyys hyvä, mutta rahoitusvakauden riskit koholla geopoliittisen epävarmuuden keskellä – Euroopan järjestelmäriskikomitean tuore arvio28.3.2024 11:21:48 EET | Uutinen

Euroopan järjestelmäriskikomitean (EJRK) hallintoneuvosto totesi 21.3.2024 pitämässään kokouksessa, että eurooppalaisen pankkijärjestelmän kriisinsietokyky on hyvällä tolalla, mutta EU:n rahoitusvakauteen kohdistuvat riskit ovat edelleen koholla ja geopoliittinen epävarmuus on suurta. ”Kärjistyneen geopoliittisen vastakkainasettelun vaikutukset on otettava huomioon myös rahoitusjärjestelmässä. Olemme siirtyneet ilmeisen pysyvästi aiempaa epävakaampaan aikaan, jonka synnyttämät riskit voivat toimia sytykkeenä rahoitusjärjestelmän vakavillekin häiriöille. Siksi on tärkeä ylläpitää ja edelleen vahvistaa rahoitusjärjestelmän kriisinkestävyyttä Euroopassa, jotta pankkien kyky luotottaa yrityksiä ja kotitalouksia pysyy vakaana”, toteaa Suomen Pankin pääjohtaja Olli Rehn, joka toimii varapuheenjohtajana Euroopan järjestelmäriskikomitean hallintoneuvostossa. Hallintoneuvosto totesi makrovakauspolitiikan virityksestä, että maat ovat toteuttamassa oikeita toimia pankkisektorin tappionsietokyvyn

Bank of Finland’s 2023 operating profit weakened considerably by rise in interest rates22.3.2024 11:01:00 EET | Press release

The Parliamentary Supervisory Council has today, upon proposal by the Bank of Finland Board, confirmed the Bank of Finland’s financial statements. The Bank of Finland’s audited profit for the financial year 2023 totals EUR 0.00 after a reduction of EUR 1,112 million was made in the general provision in order to cover a negative operating profit. The Bank of Finland’s financial result and the structure of its balance sheet are a reflection of the monetary policy measures taken to maintain price stability in accordance with the Bank’s mandate. “The rise in interest rates has considerably weakened the Bank of Finland’s operating profit. The Bank has been well prepared for interest rate increases and had strengthened its risk provisions when interest rates were low. The provisions are now being correspondingly reduced. The profit outlook for the next few years is also weak,” says Deputy Governor of the Bank of Finland Marja Nykänen. The European Central Bank (ECB) started raising interest

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
HiddenA line styled icon from Orion Icon Library.Eye