Committee of Scottish Bankers

Counterfeit Banknotes 2013

The number of counterfeit Scottish banknotes discovered and removed from circulation during 2013 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 0.0172% of the number of genuine banknotes in circulation, which at the end of 2013 stood at over 297 million notes.

Table 1

COUNTERFEIT AND GENUINE SCOTTISH BANKNOTES 2013 (NUMBER OF NOTES)

Denomination No. of counterfeit banknotes taken out of circulation No. of genuine banknotes in circulation %
£1 20,502,546  0.0000 
£5 2,313  35,292,564  0.0066 
£10 11,181  91,606,763  0.0122 
£20 37,120  141,423,949  0.0262 
£50 641  6,536,694  0.0098 
£100 2,379,188  0.0000 
Total 51,257  297,741,704  0.0172 

 

At 51,257, the number of counterfeit notes discovered and removed from circulation increased during 2013. Chart 1 shows comparative figures for 2008 to  2013.

 Chart 1

 

The face value of counterfeit notes removed from circulation also increased during 2013 to £897,827. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2008 onwards.

 Chart 2