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Items worth more money, like watches, could be transported as far as Canada East, where they would be exchanged for counterfeit money at the rate of $100 for each $10 of goods.
With the swift take-over of sovereignty by General Charles de Gaulle, who considered the US occupation franc as “counterfeit money”, the currency rapidly faded out of use in favour of the pre-war French franc.
He was arrested at the barbershop of Giuseppe Romano on First Avenue that had been distributing the counterfeit money.