‘The bad $50s are rampant right now’: Counterfeiting on the rise

'The bad $50s are rampant right now': Counterfeiting on the rise

Organised crime syndicates are flooding Australia with counterfeit $50 banknotes, costing businesses and consumers millions of dollars.
More than 33,000 fake $50 notes were removed from circulation in 2014-15, triple the number detected just two years ago, government figures show. But this likely represents only a fraction of the amount of bogus money flowing through the economy amid a massive spike in the number of…

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