Counterfeit Scottish Banknotes 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.

 

Table 1

COUNTERFEIT AND GENUINE SCOTTISH BANKNOTES IN 2016

 

(NUMBER OF NOTES)

Denomination No. of counterfeit banknotes taken out of circulation

No. of genuine banknotes in circulation

%
£1 3 17,995,965 0.0000
£5 1,386 41,042,403 0.0034
£10 12,965 91,305,069, 0.0142
£20 76,490 163,067,269 0.0469
£50 7.191 7,289,918 0.0986
£100 43 2,346,154 0.0018
Total 98,078 323,046,778 0.0304

 

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.

 

Chart 1

 

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.

 Chart 2