Bank of Lithuania will check authenticity of foreign currencies

In case the Bank of Lithuania specialists discover that the money is counterfeit, they will immediately inform the police

counterfeiting

Bank of Lithuania will check authenticity of foreign currencies. Source: shutterstock.com

The Bank of Lithuania and the Police Department agreed to strengthen their cooperation against currency counterfeiting. This way, the Bank of Lithuania will get the accelerated exchange of information and methodological assistance, with the ability to examine more currencies.

This cooperation will allow more efficient use of the Bank of Lithuania’s, as the national analysis center, abilities, and tools. It will set up additional walls for counterfeit money to not circulate in our own country and beyond its borders as well
Asta Kuniyoshi, Deputy Chair of the Board of the Bank of Lithuania 

The Bank of Lithuania used to examine only suspicious euro banknotes and coins. From now on, it will also check other banknotes in circulation, which will be submitted for testing by police officers. It’s about US dollars, UK pound sterling, Russian roubles, and other currencies.

For now, there is more than €4.4 billion of Bank of Lithuania-issued euro in circulation. Over a year, the bank identifies, on average, 3,000 counterfeit banknotes and coins of different denominations. It exchanges, on average, around 90,000 damaged banknotes and coins.

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