Counterfeit Scottish Banknotes 2017

The number of counterfeit Scottish banknotes discovered and removed from circulation during 2017 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 0.0259 % of the number of genuine banknotes in circulation, which at the end of 2017 stood at over 495 million notes.

Table 1

At 128,367 the number of counterfeit notes discovered and removed from circulation increased during 2017. Chart 1 shows comparative figures for 2012, to 2017.

Chart 1

The face value of counterfeit notes removed from circulation also increased during 2017 to £ 2,694,379. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2012 onwards.

 Chart 2