Anti-coun­ter­feit­ing day ob­served


The world ob­served ‘ anti- coun­ter­feit­ing day’ on June 13, 2012. The is­sue of coun­ter­feit­ing is big in In­dia and as per the lat­est re­port by the Min­istry of Home Af­fairs large quan­ti­ties of fake In­dian cur­rency notes (FICN) are pumped into In­dia from coun­tries like Pak­istan, Nepal, Bangladesh, Sri Lanka, Malaysia, Thai­land, and the UAE.

While Aus­tralia de­tected seven pieces of coun­ter­feit notes per mil­lion notes in cir­cu­la­tion (2008-09), in Canada it was 76 (2008). In New Zealand, the num­ber was as low as 0.71 coun­ter­feits per mil­lion notes in cir­cu­la­tion (2008-09), whereas in Switzer­land it was ten. As for the euro, there was roughly about one coun­ter­feit per 14,600 bank notes in cir­cu­la­tion (2008).

As per the anal­y­sis of Zee Re­search Group, be­tween 2009 till June 2011 nearly ` 60 crore worth of fake cur­rency had been seized by the Gov­ern­ment of In­dia.

State pro­fil­ing on coun­ter­feit­ing cur­rency sug­gests that dur­ing 2009 till June 2011 pe­riod, Ma­ha­rash­tra had re­cov­ered the high­est amount of fake cur­rency worth ` 8.49 crore fol­lowed by Delhi (`8.24 crore) ,Ut­tar Pradesh (`7.71 crore) and West Ben­gal (`6.37 crore).

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