Inevitable problems — which euro banknotes Ukrainians should not keep.

For Ukrainians, keeping an eye on their money is now more important than ever. The law prescribes serious penalties for those dealing with counterfeit euros. Even accidentally using a counterfeit can lead to trouble.

The Novyny.LIVE website has decided to help Ukrainians avoid getting confused about this complex issue.

Severe penalties for counterfeit money

According to the Criminal Code of Ukraine, those who produce, store, purchase, transport, or even import counterfeit banknotes of any denomination face imprisonment from 3 to 7 years.

• Being guilty of and using counterfeit money for purchasing or selling goods.
• Violators of such rules risk facing even harsher consequences of 5 to 10 years in prison with property confiscation if the amount of counterfeit currency exceeds 302,800 hryvnias.
• Organized criminal groups or larger amounts can lead to even 8–12 years in a controlled zone.

However, attempts to use counterfeit currency by individuals can occur not only for criminal purposes.

How to deal with counterfeit money

You should not keep counterfeit money in your wallet. It's best to stay clear of this situation. But if you decide to throw away or burn the money, you should think it through. If you notice a banknote, you should probably report your findings to the law enforcement authorities.

Additionally, you can submit the counterfeit for verification at the National Bank, which is a free service. If the counterfeit is confirmed, all monetary values will be confiscated and handed over to the police for consideration.

Euros in Ukraine are precious — and this continues to maintain the relevance of the existence of counterfeit money. Therefore, it is so important to be careful and not to rack your brains when encountering a suspicious banknote.

Recommendations from specialists regarding savings planning should also take into account the stability of currencies. Discussed currencies like the Swiss franc, Canadian dollar, and Japanese yen further reinforce confidence in the current differences and speculate on outcomes from economic disasters.