By KEVIN G. HALL for McClatchy Newspapers

DANDONG, China | The currency changer, brazenly plying his illegal trade in the Bank of China lobby, pulled out a thick wad of cash from around the world and carefully removed a bill. The 2003 series U.S. $100 bill was a fake, but not just any fake. It was a “supernote,” a counterfeit so perfect it’s an international whodunit.

It had come from a North Korean businessman, the changer said, getting angry looks from his confederates. He stank of alcohol, but his story was plausible. The impoverished hermit nation sat just across the Yalu River from Dandong.

The Bush administration and members of Congress two years ago loudly accused North Korean leaders of being behind the counterfeiting of U.S. currency, but a 10-month McClatchy Newspapers investigation raises questions about those charges.

As the currency changer told a reporter, “The ones from Europe are much better.” Read Full Story