Recently, Instagram has emerged to be a shopping centre for a wide variety of fake goods.

According to the Global Industry Report these commodities can range from luxury clothing to designer shades.

Research has shown evidence of the existence of a more deep-rooted black market, which includes passports and fake currency.

Some of these accounts claiming to sell counterfeit money have been removed, but basic searches related to terms such as “fake money” have continued turning up hashtags.

These accounts upload pictures showing what seem like stacks of money, including EU and US currency.