.......Such scattered reports do not convey an all-India picture. Do we have indications from the Reserve Bank of India (RBI) or the Ministry of Finance that this is a serious threat? Do we have a very high rate of fake currency? Are these efforts being made only by crime syndicates who may or may not have political intentions? The RBI governor in his address on 23 March 2010 said that the "fake notes reported as detected by banks and fake notes found in remittances received by RBI during 2008-09 amounted to 8 per one million notes in circulation". He clarified that this did not include the notes seized by the police. He also said that......
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