Video Lima, Peru Sets the Gold Standard for Counterfeiting U.S. Currency (Video) By Greg Baugher Posted on April 2, 2016 2 min read 0 0 432 This short documentary from provides a fascinating inside look at the production of high-quality counterfeit currency in Lima, Peru. Peru has just surpassed Columbia as the producer of the best counterfeit notes in the world. For just pennies on the dollar and the right contacts, you could purchase thousands of dollars of counterfeit currency that would pass muster in most retail establishments in the U.S. We can only imagine the number of these fake notes that have flooded into circulation in the U.S. Odds are one may have passed through your hands already. A scary thought for the American economy.