The Central Bank of Latvia published updated statistics showing that both the number and the total value of counterfeit euro banknotes and coins detected in Latvia fell in 2025 compared with 2024. Authorities detected 1,040 counterfeits in 2025, down 20% from 1,304 in 2024, while the total face value declined 24% to EUR 21,085 from EUR 27,802; the bank assessed the amounts as insignificant and the likelihood of encountering a counterfeit as low. The 2025 total comprised 455 counterfeit banknotes and 585 counterfeit coins, versus 593 banknotes and 711 coins in 2024. The most commonly counterfeited items in Latvia were EUR 2 coins (536 in 2025; 663 in 2024), followed by EUR 50 banknotes (205; 243) and EUR 20 banknotes (150; 149). Across the euro area, 444,000 counterfeit banknotes were withdrawn from circulation in 2025, with around 80% in EUR 20 and EUR 50 denominations, equivalent to 14 counterfeits per one million genuine banknotes, down from 554,000 and 18 per million in 2024. The update also noted that euro area countries are preparing for a third series of euro banknotes, with the European Central Bank Governing Council potentially deciding on the design and release timing as early as 2026.
Central Bank of Latvia 2026-04-14
Central Bank of Latvia reports 20% fall in counterfeit euro banknotes and coins detected in 2025
The Central Bank of Latvia reported that the number and total value of counterfeit euro banknotes and coins detected in Latvia fell in 2025, with 1,040 counterfeits worth EUR 21,085, and assessed the amounts as insignificant. Across the euro area, 444,000 counterfeit banknotes were withdrawn from circulation in 2025, mainly EUR 20 and EUR 50 denominations, down from 554,000 in 2024. Euro area countries are preparing for a third series of euro banknotes, with the European Central Bank Governing Council potentially deciding on the design and release timing as early as 2026.