Counterfeit Northern Ireland Banknotes 2017

The number of counterfeit Northern Ireland banknotes discovered and removed from circulation during 2017 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 0.0183% of the number of genuine banknotes in circulation, which at the end of 2017 stood at over 177.6 million notes.

 

 

 

COUNTERFEIT AND GENUINE NORTHERN IRELAND BANKNOTES 2017

(NUMBER OF NOTES)

 Denomination

 No. of counterfeit banknotes taken out of circulation No. of genuine banknotes in circulation   % 
 £1 0  0.0000
 £5 207 32,789,173  0.0006
 £10 4,792 41,192,077  0.0116
 £20 24,018 101,054,559  0.0238
 £50 3,571 2,031,117 0.1758
 £100 0 589,373 0.0000
Total 32,588 177,656,300 0.0183

 

  

The number of counterfeit notes discovered and removed from circulation increased during 2017. Chart 1 shows comparative figures for 2012 - 2017.


Chart 1


 

The face value of counterfeit notes discovered and removed from circulation during 2017 totalled £707,865. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2012 onwards.


Chart 2