About $1 million in counterfeit bills, apparently originating in the Gaza Strip, were seized in the Sinai Peninsula in the past few days, Egyptian security sources told Palestinian news agency Ma'an on Thursday.
According to the sources, hundreds of counterfeit bills, which are being used by merchants amongst themselves or in their dealings with the Egyptian banks, are being discovered every day.
The Egyptian security sources estimated that additional forged banknotes would be discovered in the near future in light of the fact that Egyptian residents – mainly in the el-Arish, Rafah and Sheikh Zweid areas – are expected to use the money they received from Gaza residents in exchange for the various goods they sold them.
Meanwhile, the sources said, it is impossible to determine the total amount of forged money transferred to Egypt, as not all of them have been reused.
According to the sources, the Egyptians received warnings regarding counterfeit bills making their way into Sinai immediately after Hamas gunmen breached the Gaza-Egypt border, and these warnings were delivered to the merchants, most of whom made sure to examine the money.
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