RBI Launches Website to Explain Detection of Fake Currency

[Bimat]

RBI launches website to explain detection of fake currency

Press Trust of India / New Delhi July 08, 2012, 10:35

Seeking to spread awareness among public about fake notes, the Reserve Bank has launched a website explaining ways to detect counterfeit notes.

With a tagline 'Pehchano Paise Ki Boli, Kyunki Paisa Bolta Hai', the website -- www.Paisaboltahai.Rbi.Org.In -- gives visual presentation with pointers on currency notes of 10, 20, 50, 100, 500 and 1,000 rupee denominations.

Consumers have the option to download posters of these currency notes, which can be used as reference to identify counterfeit notes. A documentary film on it can also be downloaded.

The link for this website is available on RBI's main website as well.
The site also gives details of the number of fake currency notes detected.

RBI said considering there were 64,577 million pieces of banknotes in circulation as on March 31, 2011, the detection of forged notes during 2010-11 was to the tune of 6.74 pieces per million pieces of banknotes in circulation.

In the past as well, the Reserve Bank has come out with various notifications warning against circulation of counterfeit currency notes.

Referring to the fake currency notes in circulation, RBI Governor D Subbarao said in Kozhikode on Friday that the government and police are taking several measures to deal with the menace.

He emphasised the need to educate people on ways to distinguish fake currency notes from the genuine ones.

Source: Business Standard

[Coinsforever]

Just a waste of public money . Moreover such detailed updated features on each denomination give clues to fradusters to advance their technology for  faking currency.

In other words police is educating thief how to improve in faking .
Cheers

[Abhay]

For a related topic, showing a 500 rupee note through high resolution microscope, just see this topic:

http://www.worldofcoins.eu/forum/index.php/topic,13324.0.html

Abhay

[Bimat]

I don't think there's anything wrong in educating people how to detect fakes..Counterfeiters are anyway one step ahead of most (not all) of the central banks so no matter how much secrecy you keep in designing the security features, they will break all those defense walls one day!

Aditya

[dheer]

The security features can be looked at someone in the business can easily see the things with or without govt help.
The key to right forging is Original plates especially for watermark and key design / even the die /  color or the specs for the paper. These are never disclosed.

There are 2 types of fakes;
1. Manufactured by non government press, these are very easy to detect and here the education about the security features help. These are hard / expensive to duplicate.
2. Manufactured by some countires using official press, here the experts in the business can take a look at the notes and create / duplicate features ... as they don't know the exact technical specs, they make guess that are good / close enough.
These notes then become difficult for ordinary individuals to identify as fakes ... even the Govt agencies at times has to depend on chemical anlysis and forensic expertise to identify these.

[srinath]

Counterfeiters are increasingly pushing fake notes of higher denominations into the market, with a 54% rise in detection of fake Rs 1,000 notes in the banking sector, the Reserve Bank of India (RBI) has said. The total value of fake currency seized by banks in 2011-12 amounted to Rs 24.7 crore.

courtesy
http://timesofindia.indiatimes.com/india/Now-forgers-shift-focus-to-Rs-1000-notes/articleshow/15065684.cms