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Economy and Finance
News article16 March 2017Brussels1 min read

EU-wide progress on tackling euro coin counterfeiting in 2016

Today, the services of the European Commission publish the 2016 data on the progress made in tackling the counterfeiting of euro coins. As the body in charge of monitoring the phenomenon, the European Commission services issue the latest headline...

Counterfeit euro coins detected in circulation, 2012 – 2016

Year

50 cent

1 euro

2 euro

Total

2016

25 357

18 754

106 141

150 258

2015

25 146

20 022

101 709

146 889

2014

36 004

24 851

131 340

192 195

2013

30 100

27 100

120 400

177 600

2012

32 700

29 500

121 000

183 200

 

Counterfeit euro coins detected before circulation, 2012 – 2016

Year

50 cent

1 euro

2 euro

Total

2016

39 041

0

38 043

77 084

2015

1

4

15

20

2014

1

38 690

263 279

301 970

2013

160

360

30 501

31 051

2012

4

1 800

72

1 872

A combination of preventive measures including legislation, technical analysis, law enforcement coordination and judicial cooperation have allowed Member States to make progress in removing counterfeit euro coins from circulation.

A comprehensive legal framework exists at European level for the protection of the euro consisting of administrative, training and criminal law and authentication measures.

- The European Parliament and the Council adopted Directive 2014/62/EU which reinforces the criminal law rules to protect the euro and other currencies against counterfeiting. In particular, the Directive improves the level of criminal law sanctions, the deterrence of counterfeit notes and coins and the tools for cross border investigations.   The transposition date was set for the 23rd of May 2016.

- Regulation (EU) No 1210/2010on the authentication of euro coins sets out the rules for financial institutions to ensure that all euro coins put back into circulation are genuine.

Background

Under EU rules (Council Regulation (EC) No 1338/2001), the Commission is responsible for the European Technical & Scientific Centre (ETSC). The ETSC analyses and classifies new types of counterfeit euro coins. It is established in DGECFIN and uses the technical equipment and installations of the Monnaie de Paris (The French Mint).

The Commission also cooperates closely with the European Central Bank, Europol, Interpol and the competent national authorities. The European Central Bank is responsible for analysing counterfeit euro banknotes. Europol and Interpol support the Member States’ law enforcement services in combating serious organised crime by facilitating the exchange of information and providing operational and strategic analysis.

The Commission is also responsible for implementing the "Pericles 2020" programme which provides training and technical assistance for competent national authorities to enable them to further improve the protection of euro banknotes and coins against counterfeiting.

More information on counterfeit coins

Details

Publication date
16 March 2017
Location
Brussels