480 fake bank notes were retired from circulation in 2020, marking Malta’s lowest-ever amount of registered fake bank notes.
An insignificant number in comparison to the 20 million legitimate notes in circulation as well as the circa 220,000 retired fake bank notes in the Euro Zone in 2020.
According to a statement from the Central Bank of Malta, the €20 and €50 notes were the most frequently falsified during the second half of 2020 whilst also marking an increase in fake €5 and €10 notes.
The Central Bank went on to call for the public’s vigilance when conducted transactions with bank notes and to always check for genuine characteristics.
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