Monday, February 20, 2012

RBI creates awareness about fake currency

Tirupati: How to find out whether a foreign currency is fake or genuine? How to transfer money from one country to another? These doubts can be clarified at the Reserve Bank of India’s exhibition and interaction programme. RBI inaugurated a two-day exhibition and interaction programme here on Saturday to spread awareness among the public about fake currency and fraud activities. It is the ninth exhibition in the state. It was earlier conducted at places including Hyderabad, Nizamabad, Guntur and Vizag. Speaking to The Hans India, Basheer, Deputy General Manager of RBI, said that the programme’s aim was to create awareness among students, children, public and educated youth about fake currencies, bogus lotteries, fraudsters false promises and to know about the NRI banking activities and money transfer from one country to another. He advised the public not to fall prey for fraudsters’ promises, whether they are lotteries or multi-level marketing schemes. “That is the reason, we invited principals, faculty, academicians and industrial associations’ representatives,” he added. The same exhibition will be organised at Nellore town from February 21, for two days, he said.

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