No need for alarm over counterfeit currency notes: RBI
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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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