Rome - Italian authorities have seized over 241,000 counterfeit banknotes during the first six months of 2008, a haul which marks a 314 per cent increase over the previous six months, a commander of Italy's anti-fraud police said Tuesday.
The "value" of this fake cash amounted to 12.4 million euros, with copies of the 20 euro banknote accounting for over a third of all those seized, Leandro Cuzzocrea said, citing Economy Ministry figures.
During the same period in 2008, authorities also confiscated more than 11,000 counterfeit coins, some 90 per cent of which were copies of the two-euro coin, Cuzzocrea said.