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Bundesbank Says Fake Euro Notes Fell 13.6%

July 19 (Bloomberg) -- The Bundesbank said the number of counterfeit euro banknotes removed from circulation in Germany fell in the first six months of 2013.

The Frankfurt-based central bank withdrew 19,472 banknotes, down 13.6 percent from the first six months of last year, it said in a statement today. The losses caused by forgeries amounted to less than 1.1 million euros ($1.4 million), it said.

The Bundesbank said it removed 28,438 coins from circulation, compared with approximately 29,500 in the first six months of last year.

To contact the reporter on this story: Stefan Riecher in Frankfurt at sriecher@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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