Counterfeit Money, Real Currency
North Korea Supernotes are so good that in some places they are used as official currency
Recently, alarm was raised that a counterfeit $100 ‘supernote’ (exact replica of the real note) was being used as ‘official currency’ between North Korean market traders.
For a while the supernote was used in areas of China in common trade and illicit drug smuggling. The counterfeit money assorted with real currency began circulating in Jangmadang and then North Korean markets, as ‘unofficial forms of trade.’
As of early this year, the supernote circulated amongst North Korean common traders with a ‘value of $70’ and as June approached spread throughout the whole nation. It appears that the counterfeit money is being accepted as ‘income currency.’
This fact was revealed by North Korean tradesmen and Chinese tradesmen residing both in and out of North Korea.
That’s usually a good sign that your official currency sucks.
- « Uh Oh
