Banknote

Italian police said they had seized over 900,000 counterfeit banknoets of good quality worth 28 million euros. 13 people were arrested, France press reports.

The Bulgarian National Bank has reported that at the end of June 2017 currency in circulation on the domestic market reached BGN 14. 214 billion (EUR 7.3 billion), quoted by Investor.bg

Compared to the end of June 2016, a rise of 12.3% has been marked.

France is the country most affected by counterfeit money in Europe, but the continent has seen a decline in the amount of counterfeit notes, France Press reports said.

Bulgarian authorities have busted an organized criminal group responsible for distribution of counterfeit euro banknotes, the national Prosecutor's Office said in a statement Thursday, cited by Xinhua.

The European Central Bank on Tuesday released a new 50-euro note as part of a rollout of new banknotes that boast better security features.

The new 50 that went into circulation on Tuesday features similar "feel, look, tilt" security measures that are part of the already issued 5, 10, and 20 euro banknotes.

The European Central Bank has announced that the new 50 euro banknotes, with the word "euro" written in Cyrillic script enter circulation on 4 April.

Kosovar police say they have arrested two men after discovering counterfeit currency valued at more than 2 million euros in the trunk of a car crossing into the Balkan nation from Albania.

The counterfeit bills with a face value of 2.1 million euros ($2.2 million) were found early on March 10 in a bag in the trunk of the car driven by an Albanian citizen, a police statement said.

The $1 bill paranoia is quite widespread in Turkey. Seeing that it creates trouble, people now scan their leftover banknotes from trips for $1 bills. Not everybody is a master in tampering with criminal evidence, thus this simple destruction procedure becomes quite an adventure. 

The European Central Bank (ECB) has decided to stop production and issuance of the EUR 500 banknote.

The ECB has also decided to exclude the largest note denomination from the Europa series, "taking into account concerns that this banknote could facilitate illicit activities", the Bank said in a statement on Wednesday.

An operation by the Bulgarian authorities that led to the dismantling of an illegal workshop for counterfeiting of 100 euro banknotes has drawn praise from Europol.