Hamas authorities in Gaza report the bogus money was confiscated before the counterfeiters were able to put it into circulation.
The man led authorities to a gang and some NIS 20 million, or roughly $5.5 million, in fake bills. Abu Shaar says the money was confiscated before it was put into circulation.
Abu Shaar says police have arrested four people so far, and confiscated equipment including printers, laptops, ink and paper.
It is the largest counterfeiting ring discovered in Gaza since Hamas took control in 2007.
View original HAARETZ publication at: http://www.haaretz.com/news/middle-east/hamas-busts-gaza-cell-that-faked-nis-20-million-1.534318