After Lithuania joined the euro area on 1 January 2015, about 20 counterfeit euro notes have been discovered in the market, says Interior Minister Saulius Skvernelis, adding that the number of suspected forgeries is considerably higher, but they are made outside Lithuania.

"Among the seized notes, about 20 are fake. Everything else is possibly fake. (...) We have no evidence of distribution of euros made in Lithuania," the interior minister told a news conference on Tuesday.

In his words, 264 euro notes were removed from circulation over the first 20 days of January, including 20 definite fakes. Some 127 pre-trial investigations are in progress.

Deputy Police Commissioner General Renatas Pozela said the police is working to disclose all euro forgery cases and has brought suspicions against seven individuals, of whom a few have been detained.

"We are interested in everything, particularly in who is standing behind this and how the notes enter Lithuania – printing houses, distribution schemes in Lithuania," said Pozela.

In his words, 50 euro bills are subjected to the most forgeries.

Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB "BNS" sutikimo neleidžiama.

Swedbank's pension funds invest EUR 200 mln into sustainable business

Pension funds managed by the Swedbank financial group are investing 200 million euros, or a sixth...

Belarus complains: Lithuania's blocking Minsk-EU agreement

Belarusian representatives complained in Brussels last week that Lithuania is blocking the...

New trends in startup world: unicorns' aspiration is not key anymore

The question when the first unicorn with over 1 billion of US dollars in value will appear in the...

Shopping frenzy: biggest retail chains plans allocate millions of euros for new stores

Lithuania's five biggest retail chains – Maxima , Lidl , Rimi, Iki and Norfa – have...

Construction launched on EUR 15 mln hotel in Kaunas

Construction is being launched on a 15-million-euro Moxy hotel, part of the Marriott Group , in...