Friday, July 17, 2015

Chinese traders deliver flowers: Bundesbank amazed at 300 euro note – Tagesspiegel

16:51 clock By Rolf Obertreis <- self.position: 1 -> <- classId: HCF Centre -> <- position: center -> <- Text position: HCF text-left -> <- inIsPrint: false -> <- inHasPic: true ->

In Germany, never seen so many Euro-flowers emerged as the first six months of this year. Among them are also curiosities.

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The Bundesbank appeased but never seen so many flowers were since the introduction of euro notes and coins 13 years ago in a half in Germany discovered as in the first six months of 2015. The number increased compared to the second half of 2014 by almost a third to around 50,500 counterfeit euro bills.

The internet is becoming increasingly important. There obviously offer mainly Chinese traders in illegal platforms counterfeit notes and holograms, which are necessary for the production of flowers. And on these roads would not only “professionals” fake bills, but according to the findings of the Federal and the Bundesbank get increasingly young people who also spread the bills before the classroom.

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While still dominate organized counterfeiters and workshops professional bands from southern Europe, business with flowers, but the sale of counterfeit holograms on the Internet attracts, according to findings of the Bundesbank to laymen. Almost one in ten counterfeit fifties was last provided with such holograms. Counterfeiting was earlier quasi been a craft that today could potentially produce any flowers, it is at the Bundesbank.



Who takes the flower, the damage

However, come the central bankers repeatedly to cases over which they can only shake his head. Twice was paid in the past few months with a 300 euro bill without the employees were taken aback at checkout. A 300 euro note, there is not.

In another case, a voucher from a beer tent ended up at the Spring Festival in Stuttgart, which saw a ten euro banknote similar, but still was clearly recognizable as a voucher, again at the Bundesbank. “The must be passed through many hands and no one, including the commercial bank has not noticed that it is not about a ten euro note is,” said a central bank spokesman.

As in other cases, carries the damage The person who accepts the ticket. In this case, the commercial bank. Overall, a loss of 2.2 million euros, according to the Bundesbank in the first half by Blossoms emerged.



all 833 years, a flower

Despite strong growth looks Bundesbank board member Carl-Ludwig Thiele in Germany no need to worry. “The emergence of counterfeits remains at a low level.” 10,000 inhabitants would only twelve counterfeit notes, in the euro zone as a whole, there were 27 purely statistical one must 833 years old, to come once in a lifetime on a flower, says Thiele. Nevertheless, central banks and the police would have to fight against counterfeit currency continue to strengthen.

Even more than in the past, counterfeiters focused on 20 and 50 euro notes. The seized in Germany flowers appropriate to such a denomination, accounting for almost 90 per cent. In the first half were nearly 20,800 fake 20s, nearly 24,400 counterfeit 50s. The situation is similar in the euro area: In 454,000 flowers – with a circulation of 17 billion banknotes – making these two bills about 86 percent of all counterfeits from which accounts for almost 55 percent even 20s.

Federal Banker Thiele is certain that it will have severe from 25 November counterfeiters: Then comes the 20 euro bills the new European series into circulation and replaced the old banknotes. In these notes there is a much better protection against counterfeiting, among others, a new hologram window. The 5 Series and the 10 from the new series, the ECB and the national central banks already introduced in May 2013 and in September 2014. These denominations total about 1,300 flowers were registered in the first half in Germany. Also, the new Fifties is in preparation

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