Fake Indian currency note

Fake Indian currency note (FICN) is a term used by officials and media to refer fake currency notes circulated in the Indian economy. The fake notes of latest Gandhi series are so perfect that it is hard to identify them from the real notes.

Background

Although fake currency is being printed with precision, CID sleuths say that they can be detected with some effort. Currency printed by local racketeers can be detected easily as they use the photographic method, hand engraved blocks, lithographic processes and computer colour scanning. In counterfeit notes, the watermark is made by using opaque ink, painting with white solution, stamping with a dye engraved with the picture of Mahatma Gandhi. Then oil, grease or wax is applied to give the picture a translucent feel. In genuine notes, the security thread is incorporated into the paper at the time of manufacture. But in fake notes, the security thread is imitated by drawing a line with a pencil, by printing a line with grey ink, or by using aluminium thread while pasting two thin sheets of paper. Forgers find it difficult to reproduce the same shape of individual numbers again and again with accuracy. The alignment of figures is also difficult to maintain. Spreading of ink, smaller or bigger number, inadequate gaps, and different alignments in numbers should be regarded with suspicion. In counterfeit notes, the printed lines will be broken and there may also be ink smudges.[1]

In recent times it has been reported that FICN match 10 out of 14 security parameters adopted by the Indian government.

Legal aspect

According to Indian law, possessing fake notes is a punishable offence, but only if the person in question is aware that the notes are fake.[2]

The Indian government intends to classify offences involving high-value FICN as terror acts, with an amendment to the Unlawful Activities (Prevention) Act.[3]

References

  1. ↑ "Tell-tale signs of fake currencies in Hyderabad". Despardes. Archived December 5, 2014 at the Wayback Machine
  2. ↑ "Mere possession of counterfeit notes does not amount to crime". The Hindu – Business Line.
  3. ↑ "Counterfeiting to be made a terrorist crime". DNA India. December 27, 2011.
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