Counterfeit Notes 2015

The number of counterfeit Scottish banknotes discovered and removed from circulation during 2015 remained only a very small percentage in relation to the total number of genuine notes in circulation. From Table 1 below you can see that the number of counterfeit notes represents only 0.0341% of the number of genuine banknotes in circulation, which at the end of 2015 stood at over 310 million notes.

Table 1

COUNTERFEIT AND GENUINE SCOTTISH BANKNOTES 2015

(NUMBER OF NOTES)

Denomination

No. of counterfeit banknotes taken out of circulation

No. of genuine banknotes in circulation

%
£1 4 20,489,378  0.0000 
£5 2,536  37,358,422  0.0068 
£10 15,626  88,699,214  0.0176 
£20 83,538  154,748,055  0.0540 
£50 4,085  7,069,563  0.0578 
£100 0 2,311,968  0.0000 
Total 105,789  310,676,600  0.0341 

 

At 105,789, the number of counterfeit notes discovered and removed from circulation increased during 2015. Chart 1 shows comparative figures for 2010 to  2015.

 Chart 1

 

The face value of counterfeit notes removed from circulation also increased during 2015 to £2,043,954. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2010 onwards.

 Chart 2