Fake currency notes flood market

Published August 29, 2007

ISLAMABAD, Aug 28: Circulation of fake currency notes is on the rise in the twin cities and the business community and general public have urged the State Bank as well as the government to take immediate measures to check the situation.

Business community and general public have complained that they were facing various difficulties because of close similarity of fake notes, mostly of Rs500 and Rs1000, to the genuine ones.

Rs1000 and Rs500 fake notes received by this scribe also hold similarity to new ones the State Bank has issued in the recent past.

“It is very difficult for the ordinary citizens to make out between genuine and the counterfeit notes,” said Mohammad Aslam, a citizen who has also received a fake note. “I don’t know how and when I received the note,” he added.

Alamgir Khan, a shopkeeper at the Karachi Company said that he returned many fake notes daily.—PPI