Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

Fake currency with Rs 92.18 Cr face value seized in 2020-21, highest since 2017

August 17, 2022 by adminficci News 0 comments

National Crime Records Bureau (NCRB) has revealed that fake currency with a face value of Rs 92.18 crore was seized in 2020.

This is 30.4% more than in 2017. Law enforcement authorities seized fake currency with a face value of Rs 28.10 crores in 2017

As per RBI, the value of counterfeit notes detected in the banking system has reduced from Rs 43.47 crores in 2016-17 to Rs 8.26 crores in 2021-22. In 2020, Rs 5.45 crores were detected by the RBI in the banking system.

https://newsmeter.in/data-stories/fake-currency-with-rs-9218-cr-face-value-seized-in-2020-ncrb-699342?jr=on

Prev
Next

Related Posts

Nigeria: SON reduces substandard products to 45% in three years
May 8, 2015

The Standard Organisation on Nigeria said it was able to reduce the level of...

Austrian customs officials bust int’l cigarette smuggling ring
March 5, 2015

Investigators from the Customs Office in the city of Graz on Wednesday arrested...

California health and child-welfare agency may seek increase in tobacco tax
November 19, 2014

An earlier headline on this article incorrectly stated that First 5 California is...

Warning issued about fake turmeric powder in UAE
June 2, 2014

Product may have adverse health effects, says expert at the Ministry of Health...