Counterfeit Northern Ireland Banknotes 2016

The number of counterfeit Northern Ireland 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 0.0121% of the number of genuine banknotes in circulation, which at the end of 2016 stood at nearly 178 million notes.

 

 

 

COUNTERFEIT AND GENUINE NORTHERN IRELAND BANKNOTES 2016

(NUMBER OF NOTES)

 Denomination

 No. of counterfeit banknotes taken out of circulation No. of genuine banknotes in circulation   % 
 £1 5,811,196  0.0000
 £5 143 32,197,228  0.0004
 £10 3,773 40,431,350  0.0093
 £20 17,128 96,682,864  0.0177
 £50 384 2,057,062 0.0187
 £100 0 600,899 0.0000
Total 21,428 177,780,599 0.0121

 

  

The number of counterfeit notes discovered and removed from circulation increased during 2016. Chart 1 shows comparative figures for 2011 - 2016.


Chart 1


 

The face value of counterfeit notes discovered and removed from circulation during 2016 totalled £400,205. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2011 onwards.


Chart 2