The number of counterfeit euro banknotes reported to the Central Bank of Malta in the first half of this year has decreased notably.

The bank said that at 391 pieces, the number of counterfeits withdrawn from circulation was 17% lower than in the previous six months and also lower than that reported between January and June 2017.

When compared with the number of genuine euro bank notes in circulation in Malta (slightly above 11.16 million on average for the first half of 2018), the proportion of euro counterfeits remained insignificant. 

Similar to the developments in the euro area, the €20 and €50 continued to be the most counterfeited denominations found locally. They accounted for 74.2% of all counterfeits during the first half of 2018. During this period, the share of the €10 denomination also experienced a slight increase. 

The bank renewed its advice to the public to remain alert for banknotes received in cash transactions. Genuine banknotes can be easily recognised using the simple “FEEL-LOOK-TILT” test, which is described on the bank’s website: https://www.centralbankmalta.org/euro-banknotes-counterfeit-notes. The Bank is available to provide any support, including training to any local entities which may require such assistance.

Anyone who receives a suspect note should contact either the Police by calling on 2294 2120 or the Central Bank of Malta on 2550 6012/13 or by sending an e-mail at the Bank’s e-mail address nccmt@centralbankmalta.org