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Tuesday, August 08, 2006

Is North Korea Sponsoring Counterfeit FRNs?

U.S. fights 'unprecedented effort' by North Korea to fake currency
By FOSTER KLUG Associated Press Writer
2006-08-07

WASHINGTON (AP) - For those who have handled them, North Korean "supernotes" are virtually indistinguishable from the $100 bills they mimic, near-perfect forgeries of the most widely circulated American bank note outside the United States.

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U.S. officials respond that state-sponsored counterfeiting could undermine confidence in a key pillar of American strength abroad and erode the dollar's importance as a global currency.

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