Almost $30 million in counterfeit U.S. dollar bills confiscated in Peru

WASHINGTON - SEPTEMBER 28: Julie Borchard of the U.S. Treasury Department points out new improvements on the newly unveiled fifity dollar bill September 28, 2004 in Washington, DC. The newly redesigned bill, with a "Stars and Stripes" design theme, was released into circulation today. (Photo by Mark Wilson/Getty Images) (2004 Getty Images)

Police in Peru have seized almost $30 million in counterfeit U.S. dollar bills in the biggest such bust in the country's history.

Operation Sunset was carried out in conjunction with the U.S. Secret Service and involved the arrest of 47 Peruvians and two Ecuadoreans in three Peruvian cities.

Peru is the world's largest manufacturer and distributor of counterfeit U.S. currency, responsible for almost 60 percent of the nearly $3 billion in false notes circulating worldwide.

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