Counterfeit Notes 2016

The number of counterfeit Scottish banknotes discovered and removed from circulation during 2016 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 0.0304% of the number of genuine banknotes in circulation, which at the end of 2016 stood at over 323 million notes.

Table 1

 

At 98,078, the number of counterfeit notes discovered and removed from circulation decreased during 2016. Chart 1 shows comparative figures for 2011 to  2016.

 Chart 1

 

The face value of counterfeit notes removed from circulation also decreased during 2016 to £2,030,233. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2011 onwards.

 Chart 2