Over 650 fake euro notes found in Cyprus last year

In 2025, 670 counterfeit euro banknotes of various denominations were withdrawn from circulation, a figure 17.1 per cent higher than 2024, the Central Bank announced on Wednesday.

It said the €50 note had the highest rate of counterfeiting in Cyprus, accounting for 45.4 per cent of the total.

The European Central Bank announced that during 2025, about 444,000 counterfeit euro banknotes of various denominations were withdrawn from circulation representing a decrease of 20 per cent compared with 2024.