23 May 2007

Swiss Skeptical of North Korea’s Counterfeiting

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The Swiss don’t think the North Koreans are responsible for $50 million worth of counterfeit “supernote” $100 bills of superior quality to real US currency. They don’t think the North Koreans have the technology.

The counterfeit bills could only be produced by a government, since only a government could afford the necessary machinery.

Who is doing the counterfeiting, and why, remains a mystery, since they evidently have not produced enough currency to pay for the costs of the necessary equipment.

Iran, Syria, and the late East Germany are other possible suspects.

McClatchy Washington

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