The number of counterfeit Scottish banknotes discovered and removed from circulation during 2010 remained only a very small percentage in relation to the total number of genuine notes in circulation. From Table 1 below you can see that the number of counterfeit notes represents only 0.014% of the number of genuine banknotes in circulation, which at the end of 2010 stood at over 249 million notes.
Table 1
| COUNTERFEIT AND GENUINE SCOTTISH BANKNOTES IN 2010 (NUMBER OF NOTES) | |||
| Denomination | No. of counterfeit banknotes taken out of circulation | No. of genuine banknotes in circulation | % |
| £1 | 10 | 19,611,070 | 0.000 |
| £5 | 1,790 | 29,355,032 | 0.006 |
| £10 | 6,210 | 76,602,177 | 0.008 |
| £20 | 27,482 | 116,757,801 | 0.024 |
| £50 | 269 | 4,985,065 | 0.005 |
| £100 | 12 | 2,252,938 | 0.001 |
| Total | 35,773 | 249,564,083 | 0.014 |
At 35,773 the number of counterfeit notes discovered and removed from circulation increased during 2010. Chart 1 shows comparative figures for 2009, 2008, 2007, 2006 and 2005.
Chart 1
The face value of counterfeit notes removed from circulation also increased during 2010 to £635,350. Chart 2 provides figures for the face value of counterfeit notes removed from circulation from 2005 onwards.
Chart 2
