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.
© VSAT

"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.

BNS
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuanian bread is tasted worldwide

One of the most popular Lithuanian bakeries „Vilniaus duona” is counting its stable export results...

New specialized fintech bank setting up in Lithuania

On Friday European Merchant UAB was granted the license issued by ECB, European Central Bank through...

Lithuanian start-ups attracted EUR 70 million in investments in 2018, further breakthrough will be determined by environment improvement

In 2018, the Lithuanian startup community achieved the record-breaking results, i.e. attracted EUR 70...

Vitas Vasiliauskas: the matter of income inequality will become only more acute next year

The cabinet’s tax and public sector policy is not contributing to resolving income inequality...

CityBee is set to join European car-sharing leaders with a 110 mln EUR investment in major fleet upgrade

CityBee Solutions, which operates car-sharing services in Lithuania and Poland, today announced an...