Counterfeit thousand-koruna banknotes – illustrative photo.
Prague – The Czech National Bank (ČNB) will today publish the number of counterfeit and altered banknotes and coins seized last year. At the end of September, the CNB seized 1,470 counterfeit banknotes, more than half of which were Czech banknotes. For the entire year 2021, 6,836 counterfeit bills were seized, the extraordinary number was influenced by police action during which a large number of counterfeit euros were seized.
Forgeries in the Czech Republic face up to eight years in prison for the crime of counterfeiting and altering money. In the case of an organized group or a significant scale of criminal activity, the penalty is up to ten years.
At the end of last year, there were 2.79 billion banknotes and coins in circulation in the Czech Republic. Year-on-year, their number decreased by 2.2 percent. The value of money in circulation fell by three percent to around 706 billion crowns.