Counterfeit New Zealand Dollars in Circulation

in Counterfeit Goods

The New Zealand Reserve Bank reported that the amount of counterfeit money in circulation within the country was about 1 bank note in a million. The amount of counterfeit money detected in circulation was down from the three in a million rate reported in 2011.

In total, about 136 million counterfeit banknotes, ranging from 5 to 100 bills, are in circulation in New Zealand.

The rate of fake notes is low in comparison with international counterfeiting rates, which typically range between 50 to 100 fake notes per million.

Source:  James Weir, “Counterfeit cash a rare find in NZ,” Stuff.co.nz, January 1, 2013.

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