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The Inquiry
Is fake alcohol a global threat?
The Inquiry
Jan 14, 2025

Drinks with toxic ingredients have been linked to deaths and poisonings in Turkey, Laos and India in 2024.

Fake alcohol is unrecorded and unregulated alcohol that hasn’t been registered in official statistics for sales, production or trade. The range of unrecorded alcohol includes alcohol smuggled across borders, counterfeit alcohol and homemade brew.

This week of The Inquiry we look at how toxic and widespread fake alcohol is. What are the health risks of drinking contaminated alcohol? Bootleg alcohol is big business for criminals, are governments doing enough to combat the illicit alcohol trade?

Presenter: Charmaine Cozier

Producer: Vicky Carter Researcher: Katie Morgan Production Co-ordinator: Liam Morrey Technical producer: Toby James Editor: Tara McDermott

Contributors: Dr. Monica Swahn, alcohol epidemiologist and professor at the Wellstar College of Health and Human Services at Kennesaw State University in the USA, currently based in Uganda. Dr Dirk Lachenmeier, food chemist and toxicologist, director of department of plant-based foods at CVUA Karlsruhe, an official control laboratory, Germany. Piotr Stryszowski, senior economist at the Organisation for Economic Co-operation and Development and head of the Working Party on Countering Illicit Trade (WP-CIT), France. Jeff Hardy, Director General of Transnational Alliance to Combat Illicit Trade, USA.

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(Photo: Discarded drug paraphernalia. Credit: Andy Buchanan/AFP via Getty Images)


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What’s the future for monetary unions?

At the beginning of this year Bulgaria, considered as one of the poorest countries in the European Union, became the latest to officially join the eurozone. Bulgaria’s legal tender since 1881 had been the lev, but since the mid-1990s it had been pegged to other European currencies, first to the German deutschmark and now to the euro. But it remains to be seen if the country’s economic policy can take advantage of the opportunities that joining the single currency can afford, in terms of trade and economic development.

Monetary unions are not a new concept, some like the Scandinavian monetary union date back to the 19th Century, involving Denmark, Sweden and Norway. It established a fixed exchange rate system based on the gold standard, whilst member countries still had their own currencies before it was gradually dissolved from the outbreak of World War One onwards.

Today, the biggest monetary union is the eurozone, used by around 358 million people across 21 European Union countries. It has one monetary authority for all the members and a standardised currency and coinage.

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But with the US dollar as the world’s dominant global reserve currency, even though it’s not part of a global monetary union, is there an argument for one currency across all borders and if so, what should it be?

So, on The Inquiry this week we’re asking, ‘What’s the future for monetary unions?’

Contributors: Assoc Prof Ralitsa Simeonova-Ganeva, Sofia University St Kliment Ohridski, Bulgaria Prof Barry Eichengreen, University of California, Berkeley, USA Prof Mohamed Ben Omar Ndiaye, Cheikh Anta Diop University, Senegal Dr Judy Shelton, Senior Fellow, The Independent Institute, California, USA

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(Photo: Euro and US dollar banknotes. Credit: BBC/Corbis Royalty Free)


23min 15sec

Is fake alcohol a global threat?

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