FRIDAY, 26 FEB 2021

 

CONNECT

Facebook Linked In Twitter
GAP Vassilopoulos
GloriaJeans_266x90px
IMH LTD

Perdios Presents Main Goals of the 2030 National Strategy for Tourism

President Expresses Strong Determination To Participate In Informal Meeting In Geneva On Cyprus

IMH LTD

ECONOMY

Forged Euro Banknotes In Cyprus Declined By 43% In 2020

Forged Euro Banknotes In Cyprus Declined By 43% In 2020

The number of counterfeit euro banknotes withdrawn from circulation in Cyprus declined to 260 in 2020 marking a steep reduction of 43.1% compared to 2019, according to the Annual Bulletin on euro banknote counterfeiting.
 


“This figure is significantly lower than that of 2019, representing a decrease of 43.1%,” the Central Bank of Cyprus said in a press release, adding that in comparison with the number of genuine euro banknotes in circulation, the quantity of counterfeits remains very low.
 
 

Furthermore, according to the CBC, the €50 banknote had the highest rate of counterfeiting in Cyprus, accounting for 35.8% of the total.
 
 

Notwithstanding the very small number of counterfeits, the Central Bank of Cyprus aid it advises the public to scrutinise banknotes when transacting in cash. The Central Bank of Cyprus and the European Central Bank websites provide information on simple ways to check the genuineness of euro banknotes.
 
 

Furthermore, according to data by the ECB, in 2020 about 460,000 pieces of counterfeit euro banknotes of various denominations were withdrawn from circulation representing a decrease of 17.7% compared with 2019.
 
 

€50 and €20 notes continued to be the most counterfeited banknotes, jointly accounting for about two thirds of the total.
 
 

94.5% of counterfeits were found in euro area countries, while 2.8% were found in non-euro area European Union member states and 2.7% in other parts of the world, the ECB said.

 

Source: CNA
 

MORE ON ECONOMY

Bank Of Cyprus Posts €171 Net Loss In 2021, Continues De-Risking Despite Covid Crisis

Bank of Cyprus, Cyprus’ largest lender posted a net loss of €171 million in ...

Economic Sentiment In Cyprus Deteriorates Marginally In February

In February 2021, economic sentiment in Cyprus deteriorated marginally as the Economic ...

Cyprus Trade Deficit: January – November 2020

Cyprus` trade deficit was €4,326.2 mn in January – November 2020 compared to ...

FROM AROUND GOLDNEWS

   

11th Nicosia Economic Congress

IMH, in association with the Institute of Certified Public Accountants of Cyprus (ICPAC), presents the 11th Nicosia Economic Congress on Tuesday, 20 April 2021 ...
   

4th Cyprus International Tax Conference

IMH is organizing the digital event “4th Cyprus International Tax Conference” on Thursday, 30 March 2021.   Distinguished speakers from ...
   

Danos | International Property Consultants & Valuers: Thessaloniki Market Report

Greek Economy Overview Greece had to face the outcomes of a ten year economic crisis, which officially came to an end in 2019. Before yet witnessing the ...
   

Alphamega Hypermarkets: New Stick & Win Loyalty Programme Featuring Top Quality MÖVE Products

Alphamega Hypermarkets have launched a collaboration with the brand MÖVE as part of the company’s Stick & Win loyalty programme, rewarding ...
   

Perdios Presents Main Goals of the 2030 National Strategy for Tourism

Cyprus Deputy Minister of Tourism Savvas Perdios presented the main goals of the 2030 National Strategy for Tourism, during a teleconference with the World ...
   

European Leaders Are Calling For A “Vaccine Passport” Before The Summer Tourism Season Arrives.

European leaders, deeply concerned that another summer’s lucrative tourism trade could be lost to the pandemic, are escalating calls for the European ...
   

President Expresses Strong Determination To Participate In Informal Meeting In Geneva On Cyprus

President Nicos Anastasiades has expressed strong determination to participate in the informal meeting on Cyprus which will take place in Geneva.  The UN ...
   

G.A.P. Vassilopoulos Group Proudly Announces Its Cooperation With DSV PANALPINA A/S

G.A.P. Vassilopoulos Group proudly announces its cooperation with DSV PANALPINA A/S, one of the largest Freight Forwarding companies in the world. ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Nicosia_Economic_Congress_26/01-20/04
GoGordian_29/01-18/06_300x250PX

IMH LTD