A Reserve Bank of India study on counterfeit notes has observed that such notes have also begun to surface abroad, keeping pace with the convertible currencies. The study estimates that seizures of Indian counterfeit currency in the Swiss system for the last ten years have risen fast. From hardly one or two pieces in 2001, the number of notes seized was 1,144 in 2011. The comparable seizure for Swiss francs is 3,702 and of US dollars, 2,228..........
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