CONTEMPORARY ISSUE “Fake currency and its impact on Indian economy”

INTRODUCTION OF CURRENCY

The rupee (code: INR) is the official unit of currency of India. The issuance of the currency is controlled by the Reserve Bank of India.

INDIAN NATIONAL RUPEES

1000 Rs note 500 Rs note

100 Rs note

50 Rs note

20 Rs note

10 Rs note

5 Rs note

INDIAN ECONOMY

INDIAN ECONOMIC SECTORSRailway Aviation Banking

Retail sector Power Agriculture

FAKE CURRENCY

Fake Indian Currency Note is a term used by officials and media to refer fake Indian currency notes circulated in the Indian Economy. The fake notes of latest Gandhi series are so perfect that it is hard to identify if it is fake or not.

IMPACT OF FAKE CURRENCY

Around 1,69,000 crores of fake rupees are in circulation all over India.

It is economic terrorism in printing and circulating counterfeit Indian notes.

Fake currency poses a grave threat to national security and could also result in economic destabilization.

IMPACT OF FAKE CURRENCY

CONTINUED…

Some of the ill-effects that counterfeit money has on society are following -:

Reduction in the value of real money Increase in prices inflation due to more

money getting circulated in the economy an unauthorized artificial increase in the money supply

Decrease in the acceptability (satisfactoriness) of money - payees may demand electronic transfers of real money or payment in another currency (or even payment in a precious metal such as gold)

CONTINUED…

Companies are not reimbursed for counterfeits. This forces them to increase prices of commodities

At the same time, in countries where paper money is a small fraction of the total money in circulation, the macroeconomic effects of counterfeiting of currency may not be significant.

The microeconomic effects, such as confidence in currency, however, may be large.

REGIONS OF FAKE CURRENCY

After analyze all the information's we found that the Pakistan printing press in city of

quetta which print the fake Indian currency.

HOW TO IDENTIFY FAKE CURRENCY

SUGGESTIONS FOR REDUCE THE IMPACT OF FAKE CURRENCY

Secure the currency confidential information's .

RBI can change the currency confregations' time to time.

Gave the information's about the real currency and fake currency in publicly and aware about the fake currency impact.

Distroy the currency and inform the police when you found the fake currency.

Use the fake money detectors machines. Make the hardest law and punishment

against the fake currency.

THANK YOU FOR YOUR TIME AND ATTENTION…