In the international economy, counterfeit money can be dangerous. Currently, there is a new strain of counterfeit $100 bills that are so convincing it has some people nervous and even has its own name: the supernote.
And there seems to be some finger-pointing at North Korea although a 10-month investigation by the McClatchy Newspapers Organization says that European counterfeit money is more convincing.
According to the Kansas City Star, the economic battle between the United States and North Korea has governmental agencies wondering about the supernote. A combination of paper and linen, the faux money is so good that it has to be enlarged to study the details. President George Bush mentioned supernotes two years ago telling North Korea “… don’t counterfeit our money.”
But since then, government agencies have decided to stay mum on the issue. Counterfeiting falls under the rule of the Secret Service, but at this point, no one is talking.
The questions raised in the article include is North Korea behind the supernote or is it something else?
And if the money flooded the market, how would it impact the American dollar?
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