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Cigarettes: The Most Stable International Currency

Cigarettes: The Most Stable International Currency
Photograph by Bloomberg

The way to a corrupt official’s heart is through his lungs. Or at least his smokes.

Cartons of Good Cat brand cigarettes are selling for as much as RMB5,600 (US$890) per carton in the city of Xi’an, in the Chinese province of Shaanxi. The suspicion, according to reports last week, is that they are being used to bribe officials.