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Counterfeiting on the Rise in Russia: Moscow...

From Times Staff and Wire Reports

Counterfeiting on the Rise in Russia: Moscow is awash in counterfeit money, much of it cranked out on increasingly sophisticated photocopiers, police say. “At the roughest estimate, at least 400 million in fake ruble notes (about $200,000) are circulating in Moscow,” said Yevgeny Tumanov, head of the police economic crimes department. Across Russia, $6,000 in counterfeit rubles were tracked in just one day this week, the Interior Ministry said. Counterfeiting has blossomed since high-quality copiers became available in Russia in recent years, and the paper used by counterfeiters is sometimes indistinguishable from the real thing, Tumanov said.


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