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

‘Edible Barcodes’ Help Fight Counterfeit Drugs
July 10, 2015

Who knew that the answer to fighting the trillion-dollar global counterfeit drug...

The Tobacco Curse: Why Belarus Smokes And Smuggles Cigarettes
July 21, 2014

More than 65% of Belarusian university and high school students smoke, according...

Gibraltar: Spain hits back at UK accusing the Rock of increased tobacco smuggling
May 19, 2014

The Spanish Government has accused Britain of failing to tackle a sharp rise in...

Counterfeit goods: How to tell the real from the rip-off
May 28, 2015

As the world has grown smaller, more and more foreign-made goods are hitting our...