ecb

Counterfeiting money — one of the oldest crimes in history — has now trended to a new five-year high, according to the Secret Service who has exclusive jurisdiction in protecting US currency. While no where near a historical peak set during the Civil War when one-third to one-half of notes were counterfeit, fake bills in […]

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The European Central Bank (ECB) reported an increase in counterfeit activity for the first half of 2008, which is on the heals of 2007’s latter half increase. 312,000 fake banknotes were removed from circulation representing an increase of 5.4 percent. The ECB noted counterfeit banknotes increased since the second half of 2007 by 5.7 percent. […]

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The European Central Bank (ECB) said yesterday that the switch from the Cyprus pound and Maltese liri to the euro is completed. During the transition period, the euro or legacy currencies could be used in making payments. Feb. 1, 2008 marked the date where the euro became the only allowed legal tender currency for both […]

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The European Central Bank (ECB) reported an increase in counterfeit activity for the second half of 2007. 296,000 fake banknotes were removed from circulation for an increase of 31,000 notes over the first six months of 2007. The ECB noted counterfeiting was also up in the second half of 2007 compared to the second half […]

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