Banco de México reports 68% drop in 50 peso counterfeits
12 March 2014
Melbourne, Australia - Following the publication of the 2013 banknote counterfeiting statistics by Banco de México earlier this week, the report confirms that the redesigned $50 peso Guardian™ banknote has been effective in reducing counterfeiting levels in this denomination by 68.1%, while counterfeits of the paper-based $100, $200 and $500 peso banknotes went up by 28.0%, 20.3% and 15.3%, respectively.
The $1000 peso paper note remained at the same level. Furthermore, the $20 peso Guardian™ banknote is now the least counterfeited of all Mexican denominations, followed closely by the $50 peso banknote on Guardian™. It is believed that the 39,003 counterfeit $50 notes were predominantly old notes still being collected from the professional counterfeit attack in 2012.
As reported in Mexico City's "El Universal" newspaper (12 March 2014), the story states that "The counterfeiting rate has dropped in the $50 pesos denomination during 2013, Banco de México revealed. According to the annual report from the central institute of banknote forgery, last year a traffic of 327,147 counterfeited notes was registered, with the $500 pesos note being the favourite to counterfeit."
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