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.
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.
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.