Government has said
that it is closely monitoring the receipt of counterfeits/fake currency notes
in Banks and Post Offices.
Government has said
that one of the primary objectives of cancellation of legal tender character of
old series of Rs.500/- and Rs.1000/- notes was to check the menace of terror
financing through counterfeit currency notes. The receipt of counterfeits/fake
currency notes in Banks and Post Offices are, therefore, being monitored very
closely.
RBI has been advised
by Ministry of Finance to set up a Special Cell to monitor the receipt of fake
currency notes and inform such instances to the Economic Offences Wing of the
State Police, Intelligence/Enforcement Agencies of the Central Government and
also to the Ministry of Finance.
A special watch is being kept on receipt of
such fake notes in the States bordering our neighbouring countries. The Law
Enforcement Agencies have also been advised to maintain close vigil over
possible movement of fake currencies and take prompt action as and when such
cases are detected by them as well as by RBI and Banks.
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