WELCOME

Your welcome here in my world of thoughts and thanks for visit..Please leave your precious comment so i can improve..Once again thanks and keep visiting..

Wednesday, March 31, 2010

FAKE CURRENCY:an economical war



Strength of currency is the main measure of position of an economy of any country across the world. But when an economy faces the FAKE currency what will be condition of it? The answer is quite clear it will be in depth.
Now a days Fake currency has become the biggest threat in Indian economy. Every month hundreds of new cases of fake currency come into the light. The problem is not this, that we are facing the problem of fake currency but big reason of worry is that we are not taking any crucial step to prevent our economy by this threat. On an average, out of 100 currency notes there is one fake note in India. Is not it a big reason to worry?
Few months before a case came into lime light in which a State bank official was indulge in this black marketing of fake currency. Situation is more critical when bank official are also indulging in this. So on whom a common person should believe? Bank’s ATMs are also dispersing fake currency and when a person goes to bank to complain about it, instead of giving any relaxation they burn the fake currency.
SO now a days peoples are avoiding to make a complain in bank rather than they prefer to make it in cash in the market .This is also the big cause of fake currency. Most of the fake currency is entering through our neighbor countries specially through PAKISTAN,SRILANKA and NEPAL while some part of it coming from inside the country.IN south Mumbai some retailers are using currency checking machine which shows their faith on government’s action on fake currency.

No comments:

Post a Comment