A Threat to the Indian Economy

Fake CurrencySwati Jain & Ritika Sirohia

(ALLIANCE BUSINESS SCHOOL)

History

•Clipping

•Hungary Scandal, 1926

•Operation Bernhard

•Super Dollars

Fake Currency in India

Pakistan Printing press in City of Quetta

Impact •Reduction in the value of money

•Inflation

•Acceptability

•Means of Warfare

•People’s confidence in the currency

BARE FACTS

Funding of 26/11

Shocking - Rs 17 trillion out of Rs. 63 trillion is fake

Operation dirty money

How to tell a fake

•Silver Bromide thread with RBI marks in Hindi and English are prominent.

•prominent watermarks

•Sprinkled blue dots

•“500” super imposed

FakeOriginal•Hazy logo

•watermarks are not prominent.

•Sprinkled dots not visible

•The super imposed “500” digits not visible

Anti-Counterfeiting Measures

• Currency detector machines• RBI MeasuresLegal MeasuresSecurity ThreadIntaglio PrintingWatermark & Electrotype WatermarkOptically Variable InkDual Coloured Fibres

The Real Picture• India Today Case

• How many FIRs Lodged

• No Centralized authority

• Lack of Cooperation among the nodal agencies

• Lacunae in the security measures

REFERENCES

• http://www.rediff.com/money/special.html

• http://www.dnaindia.com/india• http://www.headlinesindia.com/state-

news/uttar-pradesh/index.jsp• http://www.domain-b.com/finance/

banks/index_1.htm• http://indiatoday.digitaltoday.in