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The Government today said it is working towards introducing security features in currency notes across all denominations to check the menace of counterfeiting.
“Counterfeiting of our currency is a matter of great concern for the government... to check this menace of fake currency, an exercise for introduction of security features in all denominations of Indian Bank Notes is under way,” the Finance Minister, Mr Pranab Mukherjee, said.
The initiative, he added, is being piloted by the Directorate of Currency. Mr Mukherjee was speaking at a function after releasing the new procurement manual of Security Printing and Minting Corporation of India Ltd (SPMCIL).
He said the Corporation has already taken steps to produce indigenous raw material for the production of bank notes.
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