Georgian Counterfeiting
Missed this a couple days ago – WaPo –
From a printing press in South Ossetia, a sliver of land with no formally recognized government, more than $20 million in the fake bills has been transported to Israel and the United States, according to investigators. The counterfeit $100 notes have also surfaced in Georgia and Russia, officials said.
Destabilizing a state currency undermines one of the most critical pillars of state legitimacy. (Although the security mechanisms understand this imperative and have been working more or less effectively for a long time.)
-Shlok
Sign up for my newsletter.