counterfeit money

Scammers Selling Defunct North Korean Money on Promise of Peace

South Korea’s spy agency warned people on Thursday of a rise in scammers selling defunct North Korean currency that they claim will rise in value as the country edges closer to a fully fledged peace agreement with its traditional enemies.

Kim Il Sung is seen on the 5,000 bill of the North Korean won, Monday, Feb. 6, 2017. While foreign brand-name goods are often paid for in the U.S. dollars, Euros or Chinese yuan, and priced accordingly at the official exchange rate, most people buy their daily necessities in North …