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Istanbul's Grand Bazaar Rocked By Fears Over Fake $50 And $100 Bills - Nemos News Network

Summary by Zero Hedge
Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar, the nation’s largest currency trading gray market. According to the state-run Anadolu Agency, some bureaus at the bazaar, a hub for currency trading, stopped purchasing the bills, saying the counting machines they use can’t identify the fake notes. “The number […]
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The banks have not detailed which currencies are under suspicion, but according to the Turkish press it is the US dollar.

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The fear of counterfeiting $50 and $100 notes has disrupted the foreign exchange trade in Istanbul’s Grand Bazaar, and some offices have stopped the purchase of these tickets due to problems in identifying counterfeit banknotes. There are conflicting opinions about the extent of the problem, and some merchants blame [...] Entry Ghost money: counterfeit dollar bills lurk in Istanbul’s bazaar was first published in The Cryptocurrency.

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turkishminute.com broke the news in on Thursday, November 28, 2024.
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