Aleksandrs Antiņš (Head of the Cash Technology Division, Latvijas Banka)
The ECB has published the latest statistics in the area of currency counterfeiting in the euro area today. Latvia, along with Estonia, Finland, Cyprus, Slovakia and Lithuania, traditionally ranks among the euro area countries with the lowest number of counterfeits per capita. In 2018, counterfeiting detected in Latvia decreased significantly, with the total number of counterfeits and their value declining by 24% and 14% respectively.
As of 27 January 2019, 17 of the 19 national central banks in the euro area will no longer issue €500 banknotes. In order to ensure a smooth transition and for logistical reasons, the Deutsche Bundesbank and the Oesterreichische Nationalbank will continue issuing the notes until 26 April 2019 (inclusive).