We have rounded the numbers to the nearest 1,000. The figures include both current and old banknotes series. This chart shows how many counterfeit notes we receive and their denomination. Counterfeiting has substantially reduced since 2019 as a result of a combination of factors such as the introduction of more robust polymer banknotes, the subsequent withdrawal of the older paper designs, successful police action on the sources and distribution of counterfeits and the general move to electronic payments. These charts show the number we receive each year and their notional face value (they are worthless). You can identify them by following our guide on how to check your banknotes. Counterfeit notes are created illegally and are worthless. In the first half of 2023 only a small fraction, typically less than 0.0031% of banknotes were counterfeit, that is less than 1 in 30,000 banknotes. News and publications Open News and publications sub menu.Option-implied probability density functions Gross Domestic Product Real-Time Database The PRA’s statutory powers and enforcement Money Markets Committee and UK Money Markets Code Greening our Corporate Bond Purchase Scheme (CBPS) Operational resilience of the financial sector Wholesale cash distribution in the futureįinancial market infrastructure supervision
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