India to adopt American technology to tab fake currency

India to adopt American technology to tab fake currency

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India is planning to seek technological cooperation of the US to check the flow of fake Indian currency notes the way Washington does to put a stop of circulation of counterfeit USD.

Impressed by the American technology, which has a database of each counterfeit US dollar – photograph, from where it originated, its route of travel and people behind its circulation – India is all set to ask the US to help it curb the menace, mostly originating from Pakistan.

A formal request is expected to be placed during the Indo-US Strategic Dialogue to be held in Washington later in June. Union Home Secretary RK Singh, besides others, will also attend the crucial meeting.

New Delhi will seek American technology to check the smuggling and circulation of fake Indian currency notes and build its own database of such counterfeit notes.

The move came after Home Minister P Chidambaram vowed to stamp down heavily on those who carry fake Indian currency note and indulge in smuggling of drugs from across the border.

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