A total of 205 counterfeit banknotes of all currencies have been registered in Croatia in the last six months of 2020, or 17.7 percent down compared to the first half of 2020 and a drop of 95.3 percent year-on-year, Croatia's central bank said on Wednesday.

More than half of these detected in the latter half of 2020 have been euro-denominated bills (108 banknotes), followed by counterfeit banknotes of the local currency kuna.

“In comparison to the first half of 2020, 38.1 percent fewer counterfeit kuna banknotes have been withdrawn from circulation, which is directly related to the outbreak of the coronavirus pandemic, the ensuing travel restrictions and consequently fewer tourist arrivals,” said central bank’s analysts.

Estimates say that there was 283.4 million kuna banknotes in circulation in the second half of 2020, these numbers mean that an average of  0.7 counterfeit kuna bills were detected 1 million genuine banknotes in circulation.

The 500 kuna banknote was the most frequently counterfeited local currency denomination, with 29 registered counterfeit bills, followed by the 200 kuna and 20 kuna notes.