The World is observing ‘Anti-Counterfeiting Day’ on 13th June 2012; however India is still struggling to come out of the clutches of fake currency issue. The latest report by Home Affairs Ministry notifies that large quantities of ‘Fake Indian Currency Note’ (FICN) are pumped into India from countries like Pakistan, Nepal, Bangladesh, Sri Lanka, Malaysia, Thailand, and the UAE. Shocking but true, reports by the Reserve Bank of India (RBI) reveal that the practice of counterfeit currency is almost as old as the printing of currency. At some period in history, it was considered treasonous enough to warrant punishment by death. It was in 1650 AD that paper money was developed and counterfeiting flourished, especially within America where counterfeit money was more common than genuine money.............
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