Central Banking

Bank of Korea says fake note cases doubled in 2000

Due to the fast spread of computer scanners and colour printers, the number of note forgery cases more than doubled in 2000, the Bank of Korea said on Feb 8, 2001.The number of note counterfeiting cases jumped to 160 in 2000 from 68 cases in 1999, the central bank said, adding that a total of 1,142 fake bills were found.

However, the number of counterfeit notes was down from 1,377 in 1999. Of the total, 10,000-won notes took up 92.4 percent, or 1,055, the central bank added. "The central bank is

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