INTERNATIONAL FALLS, Minn. ― U.S. Customs and Border Protection (CBP) officers at the International Falls Port of Entry seized $900,000 in counterfeit United States currency Friday that was discovered in a commercial rail shipment originating from China. “CBP officers strive every day to protect the United States from a variety of threats,” said Jason Schmelz, […]
WHITE HOUSE — China has responded to U.S. President Donald Trump’s charges China and Russia are manipulating the value of their currencies. Monday, Trump tweeted, “Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!” His charge came just days after the U.S. Treasury Department declined to label […]
In August 2017 the Anchorage Police Department took 87 fraud reports regarding counterfeit money that had been passed during transactions. The sophistication of the bills being passed in Anchorage is low; the fake money is easy to spot if a few moments are taken to examine it. Legitimate money is 75% cotton and 25% linen […]
BEIJING — The possibility of a trade war between the United States and China loomed large over the horizon after the U.S. electoral college confirmed Donald Trump’s presidency on Monday. China is expected to take a series of defensive and retaliatory measures to counter any U.S. moves to restrict the role of Chinese goods and currency […]