Interesting piece on how counterfeiters are having a field day by floating fake Euro notes.
The 50 euro banknote was the most widely faked euro note in the first half of 2007, accounting for half of all fake euro notes taken out of circulation, according to the European Central Bank.
The 100 euro note accounted for 20% of the fake notes, while the 20 euro note accounted for 15%. The smallest and the largest denominations were the least faked, with the five euro note and the 500 euro note accounting for a mere 1% of the total. Meanwhile, 10% of the fakes were 200 euro notes and 3% were 10 euro notes.
The report says that holograms are being used to distinguish counterfeit notes from the genuine ones.
Counterfeits can be easily distinguished from genuine banknotes by using the simple and so-called “feel-look-tilt” test to reveal the note’s security features. In the test, one can feel that the ink is thicker in some places than others on the note. Looking at the note up against the light will reveal watermarks. And if one tilts the bank note, the hologram image on the hologram patch will change between the value and a window or doorway. -EUObserver