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The Association of Commercial Banknote Issuers

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Edinburgh EH3 7SW
 

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Email: info@acbi.org.uk

Counterfeit Scottish Banknotes 2015

The number of counterfeit Scottish banknotes discovered and removed from circulation during 2015 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 0.0341% of the number of genuine banknotes in circulation, which at the end of 2015 stood at over 310 million notes.

 

Table 1

COUNTERFEIT AND GENUINE SCOTTISH BANKNOTES IN 2015

 

(NUMBER OF NOTES)

Denomination No. of counterfeit banknotes taken out of circulation

No. of genuine banknotes in circulation

%
£1 4 20,489,378 0.0001
£5 2,536 37,358,422 0.0068
£10 15,626 88,699,214 0.0176
£20 83,538 154,748,055 0.0540
£50 4,085 7,069,563 0.0578
£100 0 2,311,968 0.0000
Total 105,789 310,676,600 0.0341

 

At 105,789, the number of counterfeit notes discovered and removed from circulation increased during 2015. Chart 1 shows comparative figures for 2010, to 2015.

 

Chart 1

 

The face value of counterfeit notes removed from circulation also increased during 2015 to £2,043,954. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2010 onwards.

 Chart 2