The Police Department for Economic Crime have been targeting a criminal group which has been involved in debasing the national currency by for MNT17 million. The suspected persons who have confessed their guilt, are two Mongolian citizens who the police have named as U and G.

During the investigation, police discovered that fake banknotes have been in circulation for the last 2-3 years. According to information provided, the suspects often used to copy 10,000 or 20,000 Tugrik banknotes onto A4 papers using a hi-tech copy machine, and added the holographic imprints using gimp pens. The fake money was then exchanged with real banknotes by taking taxis short distances, being served in night clubs, buying cheap items from kiosks. These criminal operations took place at night time, when it was dark and people were not so vigilant.

People have been using these fake banknotes for some time despite the fact that they are distinctly different to the touch and look different under bright lights.