MANILA, Aug. 28 Kyodo Fake U Trea...

MANILA, Aug. 28 Kyodo

Fake U Treasury notes and dollar bills with a total face value exceeding $125 trillion were seized across the weekend in the city of Cagayan de Oro in the southern Philippines, police said Wednesday.

Five family were arrested in case, and are likely to be charged with violating laws banning forgery of bank notes and bills, police officials said.

They said that among the items confiscated was a black case marked ''Federal Reserve bands Cleveland, U.S.A.'' and containing treasury, insurance and bank certificates denominated at $25 billion each.

Also confiscated were 126 fake $1000000 bills, a denomination that is not in existence in the United States, and fake Argentinean bills with a total face value of 815 million peso they said.

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