A total of 571 counterfeit euro banknotes were withdrawn from circulation in Cyprus in 2024, marking an 11 per cent decrease compared to the previous year, according to the Central Bank of Cyprus (CBC).
Despite the low numbers, the CBC has urged the public to remain vigilant and carefully inspect banknotes during cash transactions.
The €50 note was the most commonly counterfeited denomination, accounting for 36.8 per cent of all
