The National Bank of Serbia reported that in the first half of 2025, a total of 3,119 counterfeit banknotes were detected. This includes 966 counterfeit Serbian dinars and 2,153 foreign currency notes, with the majority being euros (1,774) and US dollars (379).
The most frequently counterfeited dinar denominations were 2,000, 1,000, and 500 dinars. Among foreign currencies, the euro was most targeted in 200 and 100 euro denominations, while the US dollar was commonly counterfeited in 50 and 100 dollar notes.
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Compared to the first half of 2023, the number of detected counterfeit notes has increased significantly, indicating a rise in counterfeiting activity in the Serbian market.
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