Italy seizes 556,000 euros in fake coins minted in China

December 12, 2014 5:09 PM

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PALERMO, Italy (Reuters) - Italian police on Friday seized 556,000 euros ($692,000) in fake euro coins minted in China from a ship container in the port city of Naples, investigators said.

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.

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