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.
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
*figure includes older withdrawn notes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.
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.