The RBA may not be printing money to give to foreign investors but somebody is doing their best to satisfy demand. From the Daily Telegraph:
SYDNEY has been flooded with counterfeit cash that is of such high quality some banks are struggling to detect it.
In the past two months, organised crime gangs have caused a “significant spike” in the amount of fake currency – mainly $50 and $100 notes – passed in restaurants, bars and fast food outlets, particularly in Sydney’s west.
Police are unable to estimate how much of the cash is on the streets. Just two weeks ago they charged a Comanchero bikie with being in possession of $520,000 in “funny money”.
Businesses in Fairfield, Mt Druitt and Penrith have all detected fake notes, mainly $100 bills.
It is also unknowingly being passed around by banks.
