...........According to National Investigation Agency (NIA), it will a very challenging task for RBI to remove or stop the circulation of fake notes. Due to such problems, the economy of the country can face danger. Counterfeit notes adds onto the banknotes which are already printed by the government. With faster printing of money than the growth of real output, the value of money will be reduced which causes inflation. Moreover, governments prefers to print money when they are unable to finance the borrowings they have. Counterfeiting leads to introduction of more fake notes in the system. This effect of inflation thus leads to hyperinflation of the economy which ..............
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