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NEWS - Counterfeit U.S. Dollar Deal
- Subject: NEWS - Counterfeit U.S. Dollar Deal
- From: Rangoonp@xxxxxxx
- Date: Tue, 24 Nov 1998 02:32:00
Subject: NEWS - Counterfeit U.S. Dollar Dealers Nabbed in Myanmar
NOTE: Probally real bills, but since hard dollar currency is not allowed
as noted below, they simply found businessmen (or other) that possessed
alot U.S. dollars and took it for themselves and reported the person as
a criminal. Just like the Mafia and various other organizations in the
Counterfeit U.S. Dollar Dealers Nabbed in Myanmar
YANGON (Nov. 23) XINHUA - The Myanmar authorities
nabbed seven dealers of counterfeit notes of U.S. dollars
100 and 50 here last month, official newspaper The New
Light of Myanmar confirmed Monday.
The 74 counterfeit notes, seized by the Myanmar Police
Force at a restaurant in Mayangon township on October 6,
were obtained from dealers at a Thai border town of Maesot.
Action will be taken against the seven for the dealing of
counterfeit dollar notes, the report said.
According to Myanmar's financial law, hard currency is not
allowed for circulation domestically. Foreign Exchange
Certificate was introduced in 1993 Instead, and has been
used as U.S. dollar in equivalent value.