The Financial Impact of Counterfeit Euros

in Counterfeit Goods

The European Commission reported that  counterfeit euros in across the European Union causes a $676 Million (€500 Million) financial impact.

Europol stated that most of the counterfeit banknotes that are detected and passed across the EU originated from Bulgaria, Colombia and Italy.

Source:  Vincent Ryan, “Ireland’s counterfeit gang laws ‘insufficient’,” Irish Examiner, February 6, 2013.

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