World Coins

€556,000 worth of fake euros from China found in Italy

1. 'Shanghai Money' seized

More than 300,000 fake 1- and 2-euro coins meant to imitate approximately €556,000 have been seized by Italian police in Naples, according to a Reuters report

The counterfeit money was minted in China. 

"Palermo prosecutor Calogero Ferrara, who led the so-called 'Shanghai Money' investigation, told reporters that this was the largest such seizure in the history of Europe's common currency, which began circulating in 2002," the report reads.

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