The data shows that the number of fake notes removed from circulation in 2007 fell by 24% to 290,000, compared with 384,000 in 2006.
In turn, the fall in notional face value of counterfeits dropped by £1.8m to £5.8m, compared to £7.6m in 2006.
The bank also said that, on average in 2007, there were more than 2.2bn genuine notes in circulation, with a face value of just over £37bn.
In March this year, a Yorkshire woman was jailed for printing counterfeit notes and spending them in her local charity shop.
Last summer, a gang of five people were jailed for printing millions of pounds of counterfeit money from a post office in East London.
The gang, arrested in October 2006, was responsible for producing a quarter of the country's counterfeit notes.
The data for 2007 includes all counterfeits discovered in 2007 and received by the Bank of England by 27 February 2008.
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"Hi Set Off,
We won't have access to that sort of information until any official reports are filed.
Best regards,
Richard"
"Here we go again!"
"No mention of any creditors that might incur a bad debt and affect their business. Are there any?"
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