The number of counterfeit Scottish 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 0.0304% of the number of genuine banknotes in circulation, which at the end of 2016 stood at over 323 million notes.
COUNTERFEIT AND GENUINE SCOTTISH BANKNOTES IN 2016
(NUMBER OF NOTES)
|Denomination||No. of counterfeit banknotes taken out of circulation||
No. of genuine banknotes in circulation
At 98,078, the number of counterfeit notes discovered and removed from circulation decreased during 2016. Chart 1 shows comparative figures for 2011, to 2016.
The face value of counterfeit notes removed from circulation also decreased during 2016 to £2,030,233. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2011 onwards.