Money counterfeiting on the rise

Big increase in the number of fake banknotes being found in circulation

It's easy money and criminals remain undeterred by the consequences – more counterfeit banknotes are slipping into circulation. 

A statement issued by Nationalbanken, the country's central bank, shows that as many as 1,433 fake kroner banknotes were found in 2013 – an increase of 328 percent on 437.

Of the 1,433 fake notes found, 1,115 had been used – an increase of 276 percent on 2012 when only 404 made their way into circulation.

Police raids
Many of the counterfeit kroner notes were found during police raids, among other fake currencies.

On Monday, a man was accused in Frederiksberg Court of holding 14,000 fake euro banknotes in his cellar, according to Sjællandske Medier.

READ ALSO: Police given more tools to combat copyright violations

More 500 kroner notes
Nationalbanken has not revealed exactly which type of banknotes are being copied most, but has stated that more counterfeit 500 kroner banknotes were found in 2013.

The bank did concede that the counterfeit production of Danish banknotes is still low by international comparison, however.

Producing or participating in the counterfeiting of money, kroner or otherwise, can carry a heavy sentence of up to 12 years imprisonment. 

 

 





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