Fake Currency Notes
The Fake currency is said to be profitable business only if the persons responsible print higher denominations and not low denominations like Re.1/- or 2/- or 10/- or 20/- or even 50/- rupees notes. They generally print Rs.100/- or 500/- or 1000/- rupees notes and allow in the society stealthily through various means. Moreover, common public cannot differentiate between good notes and bad (fake) notes and also all people cannot possess fake notes detecting machines as they are unaffordably priced. This makes the fake note printers easy to allow their notes in to the mainstream. Only solution is to withdraw old high denomination notes through banks and issue new notes with different pattern, design, security aspects etc. This should be done periodically without hesitation even if it costs high to Government. The public and business establishment can exchange old notes against new notes after providing their Aadhar number and bank account number. cash above 5000/- should not be allowed for physical exchange. Above five thousand rupees should be remitted in their account with the above said proofs and if doubts arise such cases can be intro-gated. later. more
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Since all people cannot check on the authencity of notes,since it is rampant ,the Government must establish some machines at prominent areas for free checking of notes maximum of 10 notes at one time.This will help us in daily dealings with out getting suspicious looks of shop keepers. more
Aug 19
Plan,organise and ask our people so that they can at any time,check whether the high value notes they have with them is fake or original.Genuine people having fake notes by not their mistakes shall be compensated by the Govt,because it is a Govt's failure that fake notes are in circulation. more
Aug 13
