SHILLONG, FEB 27: The Reserve Bank of India (RBI) imparted training programme to security personnel on how to identify “fake notes” in its drive to stop fake Indian currency notes from entering into India through the porous Bangladesh border.
RBI general manager P Shyam Sunder told reporters Wednesday, “We are making the security personnel on how to scan fake notes and prevent them from entering the market.”
The Border Security Force (BSF) guarding the porous Indo-Bangla border has many times detected fake Indian currency notes being smuggled into the country from neighbouring Bangladesh.
Sunder said the role of the RBI is to keep a check on the circulation of the FICN in the market, which is the first line of defense. He also informed that private banks are also giving the issue of fake notes a top priority.
Sunder, meanwhile, warned about the scarcity of coins in the state. He said the scarcity of coin is because people do not bring coins to the market preferring to horde it. The inclination of saving the coins result in its scarcity, he said.
Sunder also said that the tendency of people not to accept the smaller denomination coins such as 50 paisa and 1 rupee is illegal and anyone found to be refusing can be penalized.-By Our Reporter
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