The Germans have long been known for their love of notes and coins. Businesses, however, are slowly moving away from cash. Younger people prefer to pay by app, and the European Central Bank is also contemplating a digital euro.
Philippines, German central banks partner on capacity-building philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
Germany sees sharp rise in fake euros philippinetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philippinetimes.com Daily Mail and Mail on Sunday newspapers.
German authorities found significantly more counterfeit euro banknotes in circulation in 2023 than in previous years, the German Bundesbank announced on Monday. Police, retailers and banks in Germany discovered almost 56,600 counterfeit banknotes, a 28% increase over 2022, according to the central bank. "The increase in the number of counterfeit notes is due to a few major cases of fraud, mainly involving counterfeit €200 and €500 banknotes," explained Bundesbank board member Burkhard Balz. Thos