Kim Il-nam's first encounter with counterfeit US currency was embarrassing. On an overseas trip several years ago, the N Korean diplomat took a $100 bill from a wad of more than $7,000 he had received from the Trade Bank in Pyongyang to the front desk of his hotel. "I had to buy some toiletries, so I asked the cashier at the hotel front desk to change one of the new bills," said Mr. Kim, who uses a pseudonym to protect his identity since defecting. "She took my note away & returned, saying, 'Sir, this is fake.' I felt like a criminal & protested to the Trade Bank when I got back to Pyongyang." Things are different now. A new generation of fake "supernotes," far harder to detect, has appeared, counterfeiting experts say. Feeling the latest $100 bill from North Korea, Yoshihide Matsumura, whose Matsumura Technology Co. supplies counterfeit-detection machinery to Japan's post offices, banks & law- enforcement agencies, said: "This is the closest to perfect counterfeit US money ever made" ...
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