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No need for alarm over counterfeit currency notes: RBI

Last Updated: Tuesday, July 28, 2009 - 23:33

Mumbai: The Reserve Bank on Tuesday said that there is no need to be alarmed over counterfeit currency notes and the bank is keeping a constant vigil over it.
Responding to queries on this at a press conference on
credit policy here, RBI Deputy Governor Usha Thorat said the
quantum of fake notes is not high though she felt that every
single instance of such cases should be probed.

The regulator is addressing the issue by constantly
improving the security features of the notes, monitoring them
at the currency chests, coordinating with enforcement agencies
and conducting awareness programme to educate the people about
such notes, she said.

On use and acceptance of currency notes issued by the
Bhutan Government in certain border areas in the eastern parts
of the country, she said it is common in border areas.

However, "We will look whether the use of Bhutan`s
currency notes is due to short supply of our currency notes."

Bureau Report

First Published: Tuesday, July 28, 2009 - 23:33

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