CFSL to get new technology to identify source of fake notes
This technology will be able to trace the country or place from where the fake currency note originated and also identify the machine that was used to create it, CFSL Director Rajinder Singh said.
"It is a software that we are planning to procure so that we are able to trace the location from where the fake currency originated. We have the technology that helps us to differentiate whether a currency note is genuine or fake but now it will help us to identify the machine used," he said.
"Zeroing on the origin of the fake currency note is very difficult. Terrorists use it as a means to destabilize economy," an official with National Investigation Agency said.
The NIA is responsible for investigations into fake currency notes used by terrorists while the rest are looked into by the CBI and state police.
Singh said, "This new technology has already been tried and tested by the Interpol. It will take some time before we acquire it and put it to use."
According to the National Crime Record Bureau, a total of 2,589 cases of counterfeiting have been reported till last year in which only 37.9 per cent have seen convictions.
The Reserve Bank of India continues to revamp identifying features, which help the common man establish whether the currency is fake or genuine but even after introducing unique security features, the circulation of fake currency notes is rampant in the country.
"The portrait of Mahatma Gandhi in the currency of denominations of 1,000, 500 and 100 has not been successfully forged by masterminds of counterfeit notes till date," a forensic analyst with CFSL claimed.