October 13th, 2009

National bank, police step up cooperation against forgers

National Bank of Hungary governor Andras Simor and national police chief Jozsef Bencze have signed an agreement to form a more effective cooperation against banknote forgery and the distribution of forged banknotes, the NBH said on its website.

The earlier cooperation agreement between the central bank and the police was signed in 2005.

The NBH registered 3,211 forged banknotes in the third quarter of 2009. The number of forgeries fell in the past two years, but have now risen back to levels in 2006-2007, the central bank said.

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