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Answering member
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Ed Balls
Type
House
Session
Year
Department
Member
Primary member
Answering member
More
Balls, Ed (1)
Legislative stage
Legislation
Subject
Publisher
To ask the Chancellor of the Exchequer how many counterfeit (a) sterling notes and (b) euros have been seized (i) in the UK and (ii) elsewhere since January 2002; what (A) denomination and (B) sum value they were; and what their provenance was.
To ask the Chancellor of the Exchequer how many counterfeit (a) sterling notes and (b) euros have been seized (i) in the UK and (ii) elsewhere since January 2002; what (A) denomination and (B) sum value they were; and what their provenance was.
Asked by
John Hayes
(Conservative)
Answered by
Ed Balls
(Labour; Co-operative Party)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
23 November 2006
For answer on
27 November 2006
Answered on
4 December 2006
A total of 1,640,000 counterfeit Bank of England banknotes were removed from circulation globally between 2002-05 with a total value of £28,695,000. Comprehensive data is not available for the provenance of the counterfeit notes. Data is not available for the number of counterfeits of sterling notes issued by those commercial banks permitted to issue notes in Scotland and Northern Ireland.Between 2002 and June 2006 a total of 2,182,800 counterfeit euro banknotes with a total value of £117,487,191 euros were removed from circulation globally. This data is not broken down by member state. Comprehensive data is not available for the provenance of the counterfeit notes.The following tables give a breakdown by denomination and value for the above totals.
| Euro counterfeits | ||||||||
|---|---|---|---|---|---|---|---|---|
| €5 | €10 | €20 | €50 | €100 | €200 | €500 | Total | |
| Number of notes | ||||||||
| 2002 | 1,039 | 3,108 | 14,845 | 136,133 | 10,307 | 1,525 | 161 | 167,118 |
| 2003 | 3,209 | 5,335 | 149,518 | 314,846 | 54,575 | 14,026 | 950 | 542,459 |
| 2004 | 6,128 | 22,305 | 155,551 | 271,681 | 114,183 | 20,369 | 4,006 | 594,223 |
| 2005 | 5,790 | 34,740 | 126,960 | 341,820 | 40,670 | 20,370 | 8,650 | 579,000 |
| 2006¹ | 3,000 | 12,000 | 132,000 | 108,000 | 36,000 | 6,000 | 3,000 | 300,000 |
| Value | ||||||||
| 2002 | 5,195 | 31,080 | 296,900 | 6,806,650 | 1,030,700 | 305,000 | 80,500 | 8,556,025 |
| 2003 | 16,045 | 53,350 | 2,990,360 | 15,742,300 | 5,457,500 | 2,805,200 | 475,000 | 27,539,755 |
| 2004 | 30,640 | 223,050 | 3,111,020 | 13,584,050 | 11,418,300 | 4,073,800 | 2,003,000 | 34,443,860 |
| 2005 | 28,950 | 347,400 | 2,539,200 | 17,091,000 | 4,067,000 | 4,074,000 | 4,325,000 | 32,472,550 |
| 2006¹ | 15,000 | 120,000 | 2,640,000 | 5,400,000 | 3,600,000 | 1,200,000 | 1,500,000 | 14,475,000 |
| ¹ First six months. |
| Sterling¹ counterfeits | |||||
|---|---|---|---|---|---|
| £5 | £10 | £20 | £50 | Total | |
| Number of notes | |||||
| 2002 | 105,000 | 142,000 | 185,000 | 7,000 | 439,000 |
| 2003 | 56,000 | 36,000 | 268,000 | 6,000 | 366,000 |
| 2004 | 20,000 | 17,000 | 287,000 | 6,000 | 330,000 |
| 2005 | 6,000 | 7,000 | 487,000 | 5,000 | 505,000 |
| Value | |||||
| 2002 | 525,000 | 1,420,000 | 3,700,000 | 350,000 | 5,995,000 |
| 2003 | 280,000 | 360,000 | 5,360,000 | 300,000 | 6,300,000 |
| 2004 | 100,000 | 170,000 | 5,740,000 | 300,000 | 6,310,000 |
| 2005 | 30,000 | 70,000 | 9,740,000 | 250,000 | 10,090,000 |
| ¹ These figures only relate to counterfeit Bank of England banknotes. |
Subjects
Bank notes; Forgery
Date
4 December 2006
Reference
454 c193-4W;454 c193-4W; 104514
House
House of Commons