The Euro is the second most counterfeited currency in the world new research has revealed.
BestBrokers have also looked at the numerous security features on the 39 most traded currencies in the world.
They noted almost half a million, 467,000, forged Euro banknotes were detected last year.
With 28.9 billion Euro notes in circulation as of December 2023, worth €1.56 trillion, there are roughly 16 counterfeits per 1 million genuine banknotes.
The €50 and €20 were the most common, with notable amounts of €100 as well.
Although BestBrokers also noted the Euro is also the third most protected currency in the world with a minimum of 16 security features on the €50 note.
The most forged currency in the world was unsurprisingly the US dollar- over 900,000 forged dollars were seized last year.
As there is $54.7bn in circulation it means there are an estimated 17 counterfeits per 1 million genuine banknotes.
The Mexican peso is the third-most replicated currency with 284,614 counterfeits detected in 2023, but it also has the highest concentration of circulating fake notes.
There are an estimated 32 counterfeits per million genuine notes.
The Swiss franc or the CHF100, in particular, is the most secure banknote in the world, having 20 distinct security features.
The 50,000 Indonesian rupiahs follows with 17 security features, while the Euro and the Australian dollar each have 16 features.
The €50 note, issued in 2017, is the most circulated bill in the Eurozone.
Its myriad of security features include standard elements such as intaglio (raised) printing, a watermark, and a security thread, but also modern features like a transparent window, a hologram, and UV and infrared fluorescence.
