“ NOT to be outdone by the world’s central bankers, some Peruvians have taken to printing money. In the past two months, Peru’s police have seized some $40m in near-perfect replicas of American dollar bills in $20, $50 and $100 denominations…That compares with total worldwide seizures of counterfeit dollars by the United States Secret Service…of $103m between October 2007 and August 2008. These figures suggest that Lima has become the counterfeiting capital of the Americas.”
May 21, 2009
