Why Our Currency Is Changing

Photographs from the Islamic Republic of Iran reveal a counterfeiting ring that was operating there using desktop computers and printers to produce phony United States $100 dollar bills:

After Hezbollah began last summers’ war with Israel by kidnapping Israeli soldiers and bombarding Israel with rockets, they scored public relations points the world over by having the complicit world press display photographs of crisp new United States one hundred dollar bills being handed out from a suitcase. From a Fox News report from last summer:

BEIRUT, Lebanon — At a school in south Beirut’s Bourj el-Barajneh neighborhood, Hezbollah on Friday started handing out crisp one hundred dollar bills to residents who lost their homes in the Israeli bombing campaign — $12,000 to each claimant.There were no lines and no waiting at the Shahed School. In an efficient and organized operation, applicants who had signed up for the aid earlier in the week showed up at the school, showed identification papers and only had to sign a receipt. Hezbollah workers promptly handed residents stacks of bills from a suitcase.

The Associated Press printed this photograph with the caption below:

A Lebanese resident of a Beirut suburb counts U.S. dollar bills that he received from Hezbollah as a compensation for losing his house during the month-long Israeli offensive on Lebanon at a school in Bourj el-Barajneh, a southern suburb of Beirut, Lebanon, Friday, Aug. 18, 2006. At a school in south Beirut’s Bourj el-Barajneh neighborhood, Hezbollah members began distributing US$12,000 (Euros 9,300) in crisp cash bills Friday to those who lost their homes in the fighting between Israel and Hezbollah guerrillas.

Note that while the Associated Report caption says that they are dollar bills, they are actually United States 100 dollar bills. There was much conjecture in the Blogosphere after the Associated Press photo was released. The security threads, which should have been visible in the back lighting of the photograph, are not visible.

One Response to “Why Our Currency Is Changing”

  1. Hans Says:

    currency converting

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