By
CASH DEPARTMENT
January 2014
Counterfeit Currency Report, January-December 2013
1. Expertise of dinar banknotes .................................................................................. 2
2. Expertise of foreign currency banknotes ............................................................... 4
3. Ratio of counterfeit dinar to foreign currency banknotes ...................................... 6
1
National Bank of Serbia
1. Expertise of dinar banknotes
In 2013, 4,294 counterfeit banknotes were detected from among suspect counterfeits, down by 28.3% from 2012 (5,986 pieces) or 44% in nominal terms (RSD
5,826,780.00 in January-December 2013 vs. RSD 10,409,650.00 in the same period of
2012). Table 1 shows the denomination structure of detected dinar counterfeits.
Table 1 Detected dinar banknote counterfeits, January-December 2013 (pieces ) |
Denomination 5000 2000 1000 500 200 100 50 20 10 Total |
Pieces 274 1,114 1,590 1,267 10 28 9 1 1 4,294 Share in % 6.38 25.95 37.03 29.51 0.23 0.65 0.21 0.02 0.02 100 |
So urce: Natio nal B ank o f Serbia. |
Chart 1 shows the distribution of individual denominations in total detected counterfeit dinar banknotes. Namely, 500-, 1000- and 2000-dinar banknotes accounted for 92.5% of all detected counterfeits.
Chart 1 Denomination structure of detected dinar banknote counterfeits, January−December 2013 (pieces)
0.02%
0.21%
0,.5%
25.95%
6.38%
0.02%
0.23%
29.51%
37.03%
10 20 50 100 200 500 1000 2000 5000
Source: National Bank of Serbia.
2
Counterfeit Currency Report, January-December 2013
As illustrated in Chart 2, the number of 1000-dinar counterfeits was on a constant decline from 2009 to 2013.
8,000
Chart 2 The most frequent counterfeits
(pieces)
7,213
7,000
7,272
6,000
5,000
4,000
3,000
2,000
2,531
2,330 2,106
1,590
1,000
0
792
1,382
1,562 1,267
725 1,114
2009 2010 2011 2012 2013
500-dinar 1000-dinar 2000-dinar
Source: National Bank of Serbia.
In value terms, 1000-, 2000- and 5000-dinar banknotes, being the three largest denominations, made up the bulk and accounted for 89.04% nominally (Table 2 and
Chart 3).
Table 2 Detected dinar banknote counterfeits, January-December 2013 (RSD thous and) |
Denomination 5000 2000 1000 500 200 100 50 20 10 Total |
Pieces 1,370 2,228 1,590 633.5 2.0 2.8 0.45 0.02 0.01 5,826.78 Share in % 23.51 38.24 27.29 10.87 0.03 0.05 0.01 0.00 0.00 100 |
So urce: Natio nal B ank o f Serbia. |
Chart 3 Denomination structure of detected dinar banknote counterfeits, January−December 2013 (nominally)
23.51%
0.00%
0.00%
0.01%
0.05%
0.03%
10.87%
27.29%
38.24%
10 20 50 100 200 500 1000 2000 5000
Source: National Bank of Serbia.
3
National Bank of Serbia
As at 31 December 2013,
279.9 million pieces of dinar banknotes (RSD 148.4 billion) were in circulation (Table 3) - 15 in every 1 million dinar banknotes were found to be counterfeit, i.e. there were RSD
39,259 counterfeits in RSD 1 billion of circulating cash.
In the course of 2013, 861 counterfeit foreign currency banknotes were detected from among suspect counterfeits, down by 15.9% from 2012 (1,024 pieces). Table 4 shows the currency and denomination structure of detected foreign currency counterfeits.
Тable 4 Detected foreign currency banknote counterfeits, January-December 2013 (pieces ) |
Currency EUR Total USD Total Other Total Denomination 500 200 100 50 20 10 5 EUR 100 50 20 USD |
Pieces 4 184 129 159 26 55 1 558 266 4 3 273 30 861 Share in % 0.5 21.4 15.0 18.5 3.0 6.4 0.1 64.8 30.9 0.5 0.3 31.7 3.5 100 |
So urce: Natio nal B ank o f Serbia. |
In 2013, 558 counterfeit euro banknotes were detected, down by 38.8% from 2012 (912 pieces). Chart 4 gives the distribution of the most frequent counterfeits - of 50,
100 and 200 euros, over the last four years.
Chart 4 The most frequent euro counterfeits
(pieces)
1,000
966
800
600
511
400
200
133
227
345
295
197
184
159
90 83
0
129
2010 2011 2012 2013
50-euro 100-euro 200-euro
Source: National Bank of Serbia.
4
Counterfeit Currency Report, January-December 2013
In the same period, 273 counterfeit US-dollar banknotes were detected, rising almost threefold from 95 pieces in 2012. The 100-dollar banknote was the most frequent counterfeit. Chart 5 shows the trend in 100-dollar counterfeits
over the last four years.
Chart 5 The most frequent US-dollar counterfeit
(pieces)
1,600
1,400
1,200
1,000
800
600
400
200
0
1,572
74 94
266
2010 2011 2012 2013
Source: National Bank of Serbia.
100-dollar
The item 'Other' in Table 4 relates to counterfeit foreign banknotes of five currencies: the pound sterling (9 pieces), German mark (5 pieces), Bosnian convertible mark (6 pieces), Swiss franc (9 pieces) and Croatian kuna (1 piece).
In nominal terms, the share of individual currencies in total detected foreign currency counterfeits and the percentage change from last year are best illustrated if
expressed in euros, as shown in Chart 6.
100
80
60
40
20
0
Chart 6 Detected foreign currency banknote counterfeits, 2012 and 2013
(EUR thousand)
108.3 | ||||||
108.3 | 2012 2013 | |||||
108.3 | 60.7 | |||||
108.3 | ||||||
108.3 | 19.6 | |||||
108.3 | 6.9 5.4 | 2.1 | ||||
108.3 | 2.1 |
EUR USD Other EUR USD Other
Source: National Bank of Serbia.
5
National Bank of Serbia
3. Ratio of counterfeit dinar to foreign currency banknotesChart 7 shows the ratio of detected dinar to foreign currency counterfeits (in terms of the number of pieces).
Chart 7 Currency structure of banknote counterfeits detected in January−December 2013 (pieces)
273 30
558
4,294
RSD EUR USD Total
Source: National Bank of Serbia.
The number of dinar counterfeits (83.3%) detected during the period reviewed by far exceeded that of foreign currency counterfeits.
In nominal terms, the share of individual currencies in total foreign currency counterfeits is best illustrated if expressed in euros, as shown in Chart 8.
Chart 8 Currency structure of banknote counterfeits detected in January−December 2013 (EUR)
19,637
2,056
50,542
60,725
RSD EUR USD Total
Source: National Bank of Serbia.
Euro counterfeits accounted for the largest number of detected counterfeits
(45.7%), followed by the dinar (38%) and the US dollar (14.8).
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