Counterfeit Scottish Banknotes 2017

The number of counterfeit Scottish 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 0.0259% of the number of genuine banknotes in circulation, which at the end of 2017 stood at over 495 million notes.

 

Table 1

COUNTERFEIT AND GENUINE SCOTTISH BANKNOTES IN 2017

 

(NUMBER OF NOTES)

Denomination No. of counterfeit banknotes taken out of circulation

No. of genuine banknotes in circulation

%
£1 9 150,108,551* 0.0000
£5 750 60,784,991 0.0012
£10 7,730 141,431,086 0.0055
£20 112,771 136,566,632 0.0826
£50 7,056 5,404,989 0.1305
£100 51 947,665 0.0054
Total 128,367 495,243,914 0.0259

*figure includes older withdrawn notes

At 128,367 the number of counterfeit notes discovered and removed from circulation increased during 2017. Chart 1 shows comparative figures for 2012, to 2017.

 

Chart 1

 

The face value of counterfeit notes removed from circulation also increased during 2017 to £2,694,379. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2012 onwards.

 Chart 2