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Gopher
Joined: 04 Jun 2005
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 Posted: Sat Mar 25, 2006 9:19 pm Post subject: NK Reserves the Right to Counterfeit U.S. Currency? |
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In February, at a market in Seoul, South Korea, three people were caught trying to exchange $140,000 in "supernotes." That's the name for counterfeit U.S. $100 dollar bills that are manufactured in North Korea.
The discovery was embarrassing for the South Korean government, which is not eager to crack down on counterfeiters for fear of disrupting a policy of engagement with the North. North Korea backed out of six-party talks on its nuclear ambitions in November, saying it won't participate until the U.S. stops pursuing the counterfeiting issue.
South Korea's ambiguous position on counterfeiters is straining the longtime U.S. ally's currently shaky relationship with the Bush administration. And while many analysts believe that Pyongyang -- its finances squeezed -- must eventually return to the negotiating table, the delay causes more anxiety about North Korean progress toward nuclear weapons. |
http://www.npr.org/templates/story/story.php?storyId=5301770
Last edited by Gopher on Tue Jun 13, 2006 2:22 pm; edited 1 time in total |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Sat Mar 25, 2006 9:50 pm Post subject: |
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| Shouldn't that line read "wins the prize AGAIN this month..."? |
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Rteacher
Joined: 23 May 2005
Location: Western MA, USA
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| Posted: Sat Mar 25, 2006 10:05 pm Post subject: |
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| Shouldn't the U.S. be flattered by this? - (Imitation being the highest form of flattery...) Maybe the Kim Jong-il thinks that American presidents' pictures on currency notes are exotic, and he's flirting with our nation... |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Sat Mar 25, 2006 10:17 pm Post subject: |
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and he's flirting with our nation...
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I'd like to see him flirt with US Grant. |
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deessell
Joined: 08 Jun 2005
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| Posted: Sat Mar 25, 2006 11:58 pm Post subject: |
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| When I lived in Vietnam, one of my co-teachers was married to a Vietnamese woman whose father owned a bank. He told me it was very widespread. Apparently their printing technology is state of the art. |
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gypsyfish
Joined: 17 Jan 2003
Location: Seoul
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| Posted: Sun Mar 26, 2006 4:41 am Post subject: |
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| And the irony is that I remember a few years ago that the norks outlawed the use of US currency in North Korea. Guess they knew something back then. |
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Hater Depot
Joined: 29 Mar 2005
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