Peru: top producer of counterfeit U.S. dollars

According to the Globalpost.com this South American country (Peru) is now thought to be the world’s top producer of counterfeit greenbacks. Some 17 percent of the false bills circulating in the United States come from Peru, one US law enforcement official told GlobalPost.

Peruvian crooks aren’t just churning out vast numbers of phony $20, $50 and $100 bills: They are also making much higher quality fakes than the false dollars produced within the US.

One of the reasons is technology. The counterfeiting gangs here use offset printers rather than photocopiers. But Peru is also home to some of the world’s most skilled counterfeiters, who employ painstaking, traditional techniques to give their bills apparent authenticity. Read Article