North Korea circulating counterfeit Chinese bills: Report

(From UPI)

By Elizabeth Shim

North Korea could be counterfeiting Chinese currency and the fake bills are in circulation in several Chinese cities.

A Chinese girl stands in front of a Chinese RMB100 note, equivalent to $15, in central Beijing. North Korea is circulating counterfeit Chinese currency, experts say.

A Chinese girl stands in front of a Chinese RMB 100 note, equivalent to $15, in central Beijing. North Korea is circulating counterfeit Chinese currency, experts say.

North Korea is deploying “three killer weapons,” and one of them is counterfeit currency, Hong Kong-based Phoenix Television reported.

Pyongyang is also using other illegal means, weapons and drug trafficking, to earn money in Russia and Japan, according to Phoenix.

The Hong Kong television network reported North Korea also has “world-class” counterfeiting technology capable of manufacturing U.S. dollars and Japanese yen, in addition to the yuan.

In the Chinese city of Dalian, falsified bank notes were identified as North Korean, Chinese state news website Global Times reported March 28.

Fake new 100-yuan bills were also being circulated in the Chinese city of Shaoxing in Zhejiang Province starting in November 2015. Many experts have speculated those bills are also of North Korean origin. Read more



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