Tuesday, August 28, 2012

RBI website to make people aware of counterfiet currency


No one understands the problem of fake currency unless they themselves face the unfortunate instance of getting a fake currency note in their hands. RBI website: www.paisaboltahai.rbi.org.in is the regulator's attempt to  educate people how to detect fake currency notes.

The website provides visual aids with information on genuine currency notes of all denominations ranging from Rs. 10 to Rs. 1,000. The website has a tagline "Pehchano Paise Ki Boli, Kyunki Paisa Bolta Hai".

Users can downloand the posters from the website and use it for reference at later point of time. The website also has a video giving information on fake currency notes, which too can be downloaded.

There is also an information on number of fake currency notes in circulation and detected. As on March 31,2011 there were 64,577 million bank notes in circulation, out of which 6.74 notes per million were fake.

According to the RBI governor D. Subbarao, tackling fake notes is a high priority for the regulator and police and RBI are taking strict measures to deal with the problem. Educating the people to differentiate between fake and genuine is important he further added.

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