david-wolman

$100 Bills Only Cause Trouble

Maureen O'Connor · 02/24/12 03:58PM

High-quality counterfeits of American $100 and $50 are keeping North Korea's economy afloat, The End of Money author David Wolman reports in Time. Estimates on Pyongyang's black market counterfeiting profits range from $15 to $25 million "to several hundred million dollars' worth" every year.