Bank Of Baku

Azerbaijan observes activity in counterfeiting of money

 Azerbaijan observes activity in counterfeiting of money
# 18 July 2013 12:58 (UTC +04:00)

He says every 250,000 banknotes in Azerbaijan have one counterfeit banknote, while this index in Europe is 1 in every 20,000 banknotes.

 

Mansimov said that CB has withdrawn more than 600 counterfeit banknotes from the market during the first half of 2013: “Growth is observed in this direction in Azerbaijan. But, it’s not difficult to reveal such cases due to low level of technique in this direction in our country”.

 

 

 

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