US Secret Services officials claim that on average, up to $7.8 Million in counterfeit dollars of “Supernotes” quality are confiscated each year.
Tag: Counterfeit Currency News
Data and information on the global market in counterfeit currency. Statistics and facts on losses from fake dollars and euros. Contains information on the Supernote and other counterfeit activities.
Seizures of Fake Currency from Colombia
Half of all seized counterfeit dollars in 2003 originated from Colombia.
Fake US Dollars in Circulation in 2005
Out of the global US dollar supply, less than one percent of dollars in circulation are counterfeit.
3,700 Fake Money Orders Cashed in FY 2004
According to a news release by the United States Postal Inspection Service, ” The U.S. Postal Service issued 188 million postal orders in the fiscal year ending September 2004, during which approximately 3,700 counterfeit postal money orders were cashed. That works out to about one counterfeit for every 53,000 issued, and losses were calculated at less than $3.7 million.”
Seizures of Supernotes from North Korea as of 2006
United States Authorities have seized around 50 Million Counterfeit Dollars known as Supernotes that originated from North Korea.
Profit for North Korea from Selling Fake US Dollars
North Korea earns an estimated $20 million annually from selling counterfeit US dollars.