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Article: Foiling the fakers: reports claim the Middle East region is one of the world's hotspots when it comes to counterfeit US currency. Stephen Williams looks at the evidence.(BUSINESS & FINANCE)
- Article from:
- The Middle East
- Article date:
- March 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THIS MONTH, THE UNITED STATES Federal Reserve will put the new-design $10 note into circulation, the final note to be issued in a series of changes to US paper currency. It completes a process that the organisation began a decade ago in the hope that new-design dollar bills would protect the currency's reputation as a universally recognised store of wealth.
There is a lot at stake here because the US greatly benefits from the enormous quantities of dollar bills held in the US and overseas by governments and private individuals.
The benefits that accrue to the US for the dollar's popularity is due to each dollar bill being, in effect, a non-interest ...