Maldives Monetary Authority (MMA) has reported exchange of fake US Dollars to local authorities.
The central bank has said that certain parties have been advertising the exchange of counterfeited dollar bills, which has been brought to the attention of Maldives Police Service.
MMA’s media official Mohamed Nazih said that several social media pages were promoting the exchange of these counterfeit bills, with a case already lodged before Eid-ul-Fitr.
Reports claim that these counterfeit bills, all USD 100 denominations, have been produced in North Korea.
Pages that are promoting these fake bills claim that the counterfeit currency can be deposited to ATMs as well.
The first instance of counterfeited “super notes” were reported in 2011. United States claim these notes were produced by countries or organizations that were working against it.
Counterfeited dollar bills have been in circulation since the 1980s according to the US government.
