Arrests for Counterfeiting US Dollars in Peru

Between 2010 and May 2013, law enforcement authorities in Peru have arrested 296 people for counterfeiting US dollars and broken up seven gangs who were organizing the production of counterfeit money.

Up to 17 percent of the fake US dollars in circulation in the United States were produced in Peru.

Police in Peru seized $24 Million in fake dollars in 2012, along with nearly $23 Million worth of counterfeit Euro bills and counterfeit Peruvian Sols.

In Peru, 0.5 percent of the money in circulation is counterfeits. In the United States, less than 0.01 percent of the dollars in circulation is fake.

Source:  Simeon Tegel, “Peru: Counterfeit currency king,” GlobalPost, May 28, 2013.