03-15-2016, 03:03 PM
Speedy wrote:
[quote=rjmacs]
This has less to do with domestic policy than it does to do with huge overseas counterfeiting operations. North Korea and other bad actors are expert counterfeiters, and generate lots of legitimate hard currency by selling pallets of bogus US$50s and US$100s. Cut that to US$20s and you put a major (possibly debilitating) dent in their profit margin.
I think you mean "illegitimate hard currency"?
Illegitimately obtained, but genuine. I print up US$1M in counterfeit cash, sell it to you for 6.5M genuine yuan, I still end up with legitimate hard currency.