Drug Cartels Prefer Euros To Dollars
The U.S. dollar is no longer the currency of choice for international drug cartels.
LONDON, England — The U.S. dollar is no longer the currency of choice for international drug cartels.
It’s not the euro, according to Europol.
The reason for the change over is due to space requirements; it easier to launder illegal profits from one 500 euro note than five $100 bills.
American pop culture has already notcied the difference, such as in rapper Jay-Z’s video for Blue Magic which features a suitcase full of the European currency.
“We have seen examples of high denomination notes hidden in cereal packets, tyres, concealed compartments in lorries, and so on,” Rob Wainwright, director of Europol, told The Guardian/UK.
