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Thursday, July 27, 2006

Interpol tackles dollar fraud

LYON, France (AFP) - International police body Interpol said it had brought together about 60 experts to discuss ways of fighting the production of fake US dollar banknotes with attention focused on fraud in North Korea.

Several sources have indicated that North Korea is at the centre of efforts to manufacture bogus US currency, Interpol said.

Discussions about methods to fight the trade took place all day and the experts decided to meet again to carry on their work together.

Since 1989, US notes of 50- and 100-dollar denominations worth nearly 50 million dollars (39.5 million euros) have been seized, mostly outside of the United States, and Interpol described the fakes as "very deceptive but detectable".

Interpol is based in Lyon, southeast France.
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