The UK’s exchange rate has dropped substantially after a sharp increase in reports of fraudulent currency being used in International Property transactions.

The Bank of England called a hastily scheduled press conference this morning to ease the minds of consumers and businesses worldwide. The huge influx of fraudulent currency has come to light after large sums of money changing hands overseas have literally softened in the heat. It transpires that criminal gangs have been mass producing chocolate coins and sugar paper notes and using them alongside real currency when buying overseas assets.

A spokesperson for the Treasury; released this statement
“Forged currency has always been a problem, especially in business when assets such as property are involved, often buyers will sweeten the deal with large cash sums. However, what we are seeing here is totally unprecedented and leaves vendors in a very sticky situation indeed. We can only hope by highlighting this very real threat to vendors we might foil future attempts by criminals. ”

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