| According to Chinese media reports, counterfeit euro coins have begun to circulate through online trading platforms including Taobao. The Beijing News reported on December 10 that a Sina Weibo netizen revealed that Taobao sellers were openly selling fake euro coins. Coins with a total face value of 100 euros were sold for 500 yuan, mostly in euros with small denominations such as 1 yuan and 2 yuan. This netizen’s Weibo quickly attracted a large number of comments and reposts from netizens. Some comments questioned Taobao sellers’ open sale of counterfeit coins. Taobao merchants claimed that the coins sold were “washed” and refurbished genuine coins. Coin experts said that whether a coin is counterfeit is related to the cost. Currently, Taobao shows that similar products have been removed from the shelves. | |
Naples: hotbed of counterfeit euros Gerardo Marinelli, a senior official investigating counterfeit currency in Naples, Italy, told Reuters in September that judging from the number of counterfeit currency seizures in the past, about half of the counterfeit currency in the 18 euro zone countries came from the Naples area. However, the European Central Bank stated that counterfeit currency accounts for only a small proportion of the currency circulation in the euro area.
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