We've reported before on the extensive Chinese operations to reproduce collectible coins for resale. Howard Daniel notes that the Chinese are also reproducing banknotes. His comments are below along with an image from a web site documenting the operations. -Editor
Howard A. Daniel III writes:
This needs to get the widest publicity possible and I have been forwarding it to everyone I can think of. They are also making excellent banknotes too. The Chinese will operate ANY business that will bring in foreign currencies/employ people until they are pressured by the person/people/firm being hurt. We need to pressure them now, continuously and hard!
From the web site:
Counterfeit currency and tourist goods made by a major Chinese fake coin operation.
In the photos of the Chinese coin counterfeiting ring that my sources provided, there were very few banknotes shown. This photo is the best of the banknote bunch. The other items in the photo seem to be some kind of tourist-trade goods.
To read the complete article, see: Fake Chinese Currency and Goods (http://coins.about.com/od/worldcoins/ig/Chinese-Counterfeiting
To read an earlier E-Sylum article by Richard Doty, see: CHINESE FAKE FACTORIES MAKE BANKNOTES AS WELL AS COINS (http://www.coinbooks.org/esylum_v11n18a12.html)
Wayne Homren, Editor
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