The number of counterfeit Scottish banknotes discovered and removed from circulation during 2007 remains only a very small percentage in relation to the total number of genuine notes on issue. From Table 1 below you can see that the number of counterfeit notes represents only 0.02% of the number of genuine banknotes on issue, which at the end of 2007 stood at over 370 million notes.
Table 1
| COUNTERFEIT AND GENUINE SCOTTISH BANKNOTES IN 2007 (NUMBER OF NOTES) | |||
| Denomination | No. of counterfeit banknotes taken out of circulation | No. of genuine banknotes on issue | % |
| £1 | 1 | 28,004,590 | 0.00 |
| £5 | 1,723 | 44,959,245 | 0.00 |
| £10 | 6,928 | 133,327,569 | 0.01 |
| £20 | 54,520 | 155,565,814 | 0.04 |
| £50 | 11,281 | 5,848,579 | 0.19 |
| £100 | 1 | 2,394,969 | 0.00 |
| Total | 74,454 | 370,100,766 | 0.02 |
At 74,454 the number of counterfeit notes discovered and removed from circulation has decreased during 2007. Chart 1 shows comparative figures for 2006, 2005, 2004 and 2003.
Chart 1
The face value of counterfeit notes removed from circulation also decreased during 2007 to around £1.7m. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2003 onwards.
Chart 2
