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

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