this post was submitted on 21 Oct 2024
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[–] ptz@dubvee.org 10 points 11 hours ago (1 children)

Did North Korea mix up its shipments or something?

A superdollar (also known as a superbill or supernote) is a very high quality counterfeit United States one hundred-dollar bill ... The U.S. government believes that North Korean officials have passed off supernotes in various countries and accuses North Korea of producing them.

https://en.wikipedia.org/wiki/Superdollar

[–] tal 2 points 7 hours ago

That was my reaction too -- North Korea has a history here -- but that doesn't seem to mesh with the article text.

But sometimes the diplomats and company officials know the money they are sending to Pyongyang is not legitimate, Ryu Hyun-woo, who was once acting ambassador to Kuwait, told RFA. 

“People can buy a counterfeit $100 bill for $20,” he said. “When I was short like $200, I would put in fake bills.”

He said that internal counterfeiting was discovered internally in 2015 and 2016, when sanctions against North Korea were getting more stringent. 

Though North Korea may have been the origin of high-quality fakes of the $100 bill, Ryu thinks that that’s not the case today. 

“It is questionable whether North Korea can currently secure the appropriate materials to produce counterfeit money,” he said.