Counterfeit banknotes detected in South Korea fall sharply in first half

Hausa

The number of counterfeit banknotes detected in South Korea fell 33.9 percent to 41 in the first half of 2026, the Bank of Korea said, citing the spread of cashless payments.

The Bank of Korea announced Wednesday that 41 counterfeit banknotes were detected in the first six months of 2026. This marked a 33.9 percent drop from 62 notes found in the same period last year.

The decline reflects a steady trend driven by wider use of non-cash payment methods. Annual detections fell below 100 for the first time in 2025.

South Korea recorded about 0.6 counterfeit notes per 100 million in circulation. This compared with 4,229 in Britain, 1,461 in the eurozone, 1,411 in Canada and 8.6 in Japan.

Labaran da ke da alaƙa

Illustration of Bank of Korea raising interest rates to combat inflation.
Hoton da AI ya samar

Bank of Korea raises benchmark rate for first time in three and a half years

An Ruwaito ta hanyar AI Hoton da AI ya samar

The Bank of Korea raised its benchmark interest rate by 0.25 percentage points to 2.75 percent on July 16, marking the first hike in three and a half years to tackle high inflation.

South Korea foreign reserves rise by $370 million in June

The Bank of Korea said on July 3 that the country's foreign reserves reached $427.36 billion at end-June, up $370 million from a month earlier and reversing a May decline.

Korean banks poised to absorb macro shifts in second half

An Ruwaito ta hanyar AI

KB, Shinhan, Hana and Woori are expected to stay resilient through the second half of 2026 thanks to strong risk controls and government support.

South Korea economy expands 1.8 percent in first quarter

The Bank of Korea reported on June 9 that real GDP rose 1.8 percent in the first quarter from the previous quarter. This marks the fastest quarterly growth in more than five years.

South Korea exports surge 60.4 percent in early June

An Ruwaito ta hanyar AI

South Korea's exports jumped 60.4 percent in the first 20 days of June from a year earlier. Robust semiconductor shipments drove the figure to a record high.

July 22, 2026 15:13

South Korea's economy grows 0.6% in Q2 on strong chip exports

July 20, 2026 11:21

Bank of Korea to expand CBDC pilot with nine banks in September

July 06, 2026 04:08

Investment banks lift South Korea 2026 growth forecast to 3 percent

June 17, 2026 20:56

BOK governor vows proactive steps to tame inflation

May 24, 2026 11:26

Bank of Korea faces growing pressure for rate hikes amid oil spike

Wannan shafin yana amfani da cookies

Muna amfani da cookies don nazari don inganta shafin mu. Karanta manufar sirri mu don ƙarin bayani.
Ƙi