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    India, Bangladesh ink MoU to fight fake currency

    Posted on: 2015-08-17 Posted by: CLAT Gurukul Category: Archive Blog

    India and Bangladesh have inked a memorandum of understanding (MoU) for full cooperation to tackle the menace of fake Indian currency notes (FICN) smuggling. The MoU was signed at a maiden meeting of the Joint Task Force on Fake Currency Notes (JTFFC) in Dhaka held on 12 and 13 August, 2015. Both countries have agreed to share intelligence inputs on operatives engaged in circulating FICN on real time basis in order to curb. India will provide Advance note sorting machines to Bangladesh to detect FICN circulation at international airports, immigration points, integrated crossing points, banks and financial institutions in Bangladesh. India will establish State-of-the-art facilities for examination of fake currency notes in Bangladesh. It will facilitate maintaining a digital record of analysis and seizures of fake notes which will include creation of a database on smugglers for use by both countries. Source: The Telegraph

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