Top 9 most counterfeited currencies in the World

Business Insider

17-05-2025

The financial landscape is plagued by concerns of counterfeit currency, which continues to pose a persistent threat to the stability of global financial systems. This issue is exacerbated by access to sophisticated technology, exploited by organized criminal networks.
Counterfeit currency remains a significant issue globally, threatening financial stability and enabling organized crime.
INTERPOL combats counterfeiting through international collaboration and enforcement training.
The US dollar is among the most counterfeited currencies, yet current scales of counterfeiting remain unclear.
To simply put, counterfeiting is the act of creating or distributing fake currency or goods that mimic the real thing, often with the intention of deceiving others into accepting them as authentic.
This can have serious economic and social consequences, including financial losses for individuals and businesses, damage to brand reputation, and potential funding of organized crime.
According to INTERPOL, counterfeiting financial instruments fuels underground economies and enables organized crime and terrorism.
The International Criminal Police Organization works to combat these threats through international cooperation, intelligence sharing, and law enforcement training.
As fraudsters increasingly leverage sophisticated technologies to replicate or alter banknotes with remarkable precision, many countries now utilize the 'parts per million' (PPM) metric to monitor counterfeit currency.
This metric measures the number of fake notes per one million genuine banknotes in circulation, with most nations aiming to maintain a counterfeiting rate below 15 PPM
Top 9 Most Counterfeited Currencies in the World
A recent profile by YahooFinance ranks the currencies most targeted by counterfeiters, based on available data
Rank Country PPM
1 US Dollar 100?
2 British Pound 42
3 Euro 13
4 Australian Dollar 9
5 Philippine Peso 7.9
6 Canadian Dollar 7
7 South African Rand 3
8 New Zealand Dollar 0.8
9 Malaysian Ringgit 0.3
The US dollar tops the list as the most counterfeited currency due to its global proximity and acceptance, being the world's most accessible and widely accepted legal tender.
However, despite its popularity, the most recent estimate from 2006 indicated that approximately 1 in every 10,000 US bills was counterfeit, and no updated figures have been released since then.
The US remains tight-lipped about the actual volume of fake dollars in circulation, complicating efforts to gauge the true scale of the issue.
Interestingly, the United States has opted to maintain its traditional cotton-linen material for currency, rather than switching to plastic notes like some other countries, such as Australia, Canada, and the UK.
In its bid to prevent counterfeiting, the US has implemented robust measures including built-in deterrence systems in popular editing software like Adobe Photoshop, which prevent users from opening images of US currency.