NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Joe Biden
    United States of America
    COVID-19
    Russia-Ukraine crisis
    NewsBytes
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / World News / Is North Korea printing counterfeit "supernote" dollars again?
    World

    Is North Korea printing counterfeit "supernote" dollars again?

    Is North Korea printing counterfeit "supernote" dollars again?
    Written by Anupama Vijayakumar
    Dec 13, 2017, 11:28 am 2 min read
    Is North Korea printing counterfeit "supernote" dollars again?

    In the past, North Korea has been known to print counterfeit high-value US dollar notes, known as "supernotes," for circulation in various countries. In a new development, a counterfeit $100 bill has been discovered in South Korea. This has prompted South Korean bank officials to speculate that sanctions-hit Pyongyang might be printing supernotes again. What does this mean? Read on to find out.

    What is a 'supernote?'

    Supernote refers to a high-quality counterfeit note resembling the $100 bill. According to the testimonies of people who defected from North Korea, Pyongyang has a counterfeit-note printing facility in Pyongsong. It is run by the Worker's Party's secret wing, Room 39. Irrespective of whether these testimonies are true, various international agencies have confirmed that North Korea has circulated these fake notes in multiple countries.

    South Korean officials discover an almost perfect super note!

    A team at the KEB Hana Bank confirmed that the 100-dollar bill they found "was almost impossible to distinguish from real banknotes." No-smudge inks and dented printing techniques, normally used for real notes, have been applied. "It was the first of a new kind of supernote ever found in the world," states Yi Ho-Joong, head of KEB Hana Bank's anti-counterfeit center.

    Did multiple sanctions prompt North Korea to print counterfeit currency?

    South Korean media reports suggest that Pyongyang may have resumed printing fake notes to circumvent crippling economic sanctions that the UN and countries, including the US and China, have imposed on it. These sanctions are aimed at discouraging it from continuing its nuclear missile program.

    No solid evidence linking notes to North Korea?

    Yi believes that the note could have definitely come from a state-run facility. "You need facilities worth some USD 100 million to produce counterfeit bills of this quality and no crime rings would invest that much to make fake dollars," he adds. However, Yi also states that there is no solid evidence linking the newly discovered counterfeit notes to North Korea.

    Share this timeline
    Facebook
    Whatsapp
    Twitter
    Linkedin
    South Korea
    North Korea

    South Korea

    North Korea crisis: US, Japan South Korea hold missile-tracking drills North Korea
    International Olympic Committee bans Russia from 2018 Winter Olympics Olympics
    What is the status of placements at IITs this year? Microsoft
    Delhi's New-Year gift: One common card for metro, bus travel Delhi

    North Korea

    North Korea's Kim Jong-un can 'control weather'? Kim Jong un
    North Korean crisis: US flies B-1B bomber over Korean peninsula Donald Trump
    North Korea calls Trump a "frightened old lunatic" Donald Trump
    Supreme Court upholds Trump's travel ban, restrictions come into effect Donald Trump

    Love World News?

    Subscribe to stay updated.

    World Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023