counterfeit bills Archives

Number of Fake Banknotes Hits Record Low in 2021 amid Pandemic

SEOUL, Jan. 19 (Korea Bizwire) — The number of fake South Korean banknotes touched a record low in 2021 due largely to the coronavirus pandemic, the central bank said Wednesday. The number of counterfeit banknotes found in Asia’s fourth-largest economy stood at 176 last year, down 96 from a year earlier, according to the Bank [...]

Number of Fake Banknotes Hits 20-yr Low in 2018

SEOUL, Jan. 30 (Korea Bizwire) — The number of counterfeit South Korean banknotes detected here last year reached a 20-year low, the central bank said Wednesday. The Bank of Korea (BOK) said a total of 605 fake bills were found in 2018, down a sharp 63.5 percent from 1,657 a year earlier. It was the [...]