Counterfeit Euros in Italy

The European Central Bank reports that over half of all counterfeit euro notes that are in circulation was made in the Campania region in Italy.

On average, a total of 550,000 to 800,000 counterfeit euro notes are detected and removed from circulation each year.Most of the fake money are in 20 and 50 euro notes.

Source:  Rachel Donadio, “In Italy, Fake Euros That Even the Authorities Admire,” New York Times, April 30, 2012.