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T,E,L,E,G,R,A,M //@sukk99//
Ease of Access
With the rise of the internet and dark web, counterfeit money is becoming increasingly easy for the average person to obtain. Major anti-counterfeiting agencies have noted that people interested in fake notes can simply order them online without needing to go through traditional criminal networks.
Inflation of Money Supply
When counterfeit money enters circulation, it artificially increases the money supply. This can lead to inflation as more money chases the same amount of goods and services. It also reduces the value of real, legal currency.
T,E,L,E,G,R,A,M //@sukk99//
Losses for Businesses
Merchants who unknowingly accept counterfeit bills often bear the loss, as banks will not reimburse them. This reduces their buying power and profits. Some businesses are now moving to card-only payments to avoid the issue.
Reduced Confidence in Currency
Widespread counterfeiting can make people less willing to accept paper money, decreasing confidence in the currency. In extreme cases, it may lead to a shift to other currencies or even precious metals.
However, it's important to note that the macroeconomic effects of counterfeiting in countries where paper money is a small fraction of the total money supply may not be significant. The microeconomic effects on individual victims and confidence in the currency can still be substantial
T,E,L,E,G,R,A,M //@sukk99//
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T,E,L,E,G,R,A,M //@sukk99//
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Counterfeiters and those who purchase fake money are often looking to profit by passing off the bills as real currency. Buying counterfeit notes at a fraction of their face value and then circulating them as legal tender allows criminals to make money illegally. buy counterfeit euros, fake euros for sale, counterfeit money darkweb, darkweb counterfeit euros, purchasing fake euros online, where to buy fake euros, buying counterfeit euros anonymously, counterfeit euro notes, black market counterfeit euros, fake euro bills, buying fake currency online, illegal euro counterfeit trade.
T,E,L,E,G,R,A,M //@sukk99//
Ease of Access
With the rise of the internet and dark web, counterfeit money is becoming increasingly easy for the average person to obtain. Major anti-counterfeiting agencies have noted that people interested in fake notes can simply order them online without needing to go through traditional criminal networks.
Inflation of Money Supply
When counterfeit money enters circulation, it artificially increases the money supply. This can lead to inflation as more money chases the same amount of goods and services. It also reduces the value of real, legal currency.
T,E,L,E,G,R,A,M //@sukk99//
Losses for Businesses
Merchants who unknowingly accept counterfeit bills often bear the loss, as banks will not reimburse them. This reduces their buying power and profits. Some businesses are now moving to card-only payments to avoid the issue.
Reduced Confidence in Currency
Widespread counterfeiting can make people less willing to accept paper money, decreasing confidence in the currency. In extreme cases, it may lead to a shift to other currencies or even precious metals.
However, it's important to note that the macroeconomic effects of counterfeiting in countries where paper money is a small fraction of the total money supply may not be significant. The microeconomic effects on individual victims and confidence in the currency can still be substantial
T,E,L,E,G,R,A,M //@sukk99//
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T,E,L,E,G,R,A,M //@sukk99//
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Statistics: Posted by luppyhenry — Sat Aug 17, 2024 6:52 pm