“Peru has in the past two years overtaken Colombia as the No. 1 source of counterfeit U.S. dollars, says the U.S. Secret Service, protector of the world’s most widely traded currency. Over the past decade, $103 million in fake U.S. dollars ‘made in Peru’ have been seized — nearly half since 2010, Peruvian and U.S. officials say. The phony money heads mostly to the United States but is also goes smuggled to nearby countries including Argentina, Venezuela and Ecuador. Counterfeiters earn up to $20,000 in real currency for every $100,000 in false bills they produce after expenses, the investigator said.”
