The number of counterfeit South Korean banknotes detected here dropped 58.3 percent in 2016 from a year earlier, the central bank said Wednesday.
A total of 1,373 counterfeit bills were found last year, compared to 3,293 in the previous year, according to the Bank of Korea.
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(Yonhap) |
The decline came as the number of fake 50,000-won bills fell 99.1 percent on-year to 19 last year. In 2015, four people were caught making 2,012 fake 50,000-won bills, though none of the counterfeit bills were circulated.
In South Korea, the 50,000-won bill ($43) is the highest denomination.
The central bank said the number of counterfeit South Korean bills found in every 1 million banknotes in circulation dropped to 0.3 in 2016. (Yonhap)
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