The government today said it is working towards introducing security features in currency notes across all denominations to check the menace of counterfeiting.
“Counterfeiting of our currency is a matter of great concern for the government… to check this menace of fake currency, an exercise for introduction of security features in all denominations of Indian Bank Notes is under way,” Finance Minister Pranab Mukherjee said.
The initiative, he added, is being piloted by the Directorate of Currency.
The Finance Minister said that to tackle the problem of counterfeiting, Security Printing and Minting Corporation of India Limited (SPMCIL) has already taken steps to produce indigenous raw material for the production of bank notes.
