The number of counterfeit Northern Ireland banknotes discovered and removed from circulation during 2016 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 0.0121% of the number of genuine banknotes in circulation, which at the end of 2016 stood at nearly 178 million notes.
COUNTERFEIT AND GENUINE NORTHERN IRELAND BANKNOTES 2016
(NUMBER OF NOTES)
|No. of counterfeit banknotes taken out of circulation||No. of genuine banknotes in circulation||%|
The number of counterfeit notes discovered and removed from circulation increased during 2016. Chart 1 shows comparative figures for 2011 - 2016.
The face value of counterfeit notes discovered and removed from circulation during 2016 totalled £400,205. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2011 onwards.