Counterfeit Currency in Myagdi

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November 23: A group has been active in transaction of counterfeit notes in Myagdi. The counterfeit notes have been found in banks and financial institutions, grocery stores and most of the crowded places where daily transactions take place. It has been assumed that the counterfeit currencies have entered into the district from various means, including the buying of animals during festive season as well as while buying votes and drugs.

The counterfeit notes have been found at different cooperative houses and also in banks of Beni, the headquarters of Myagdi.

“Though we have not got any written reports regarding the counterfeit currencies, we have been informed that these currencies are being found every day,” shared Deputy Superintendent of Police (DSP) Basundhara Khadka. She said that Superintendent Police Santosh Roka along with group of police personnel have been investigating the case.

“The counterfeit notes will also be sent to the capital for further inspection,” Khada said.  She has asked the general public to inform the police if they find any counterfeit currency.

According to poice, the public’s support in busting the counterfeit currency gang has not been that encouraging. Rather, they have been involved in hiding those notes among piles of genuine notes and circulating them among the people during transaction.  The locals say that it is very difficult to differentiate between the original and counterfeit notes.  Due to this, the financial institutions are being compelled to refund the money by themselves.

One way to identify the counterfeit currency is to turn the blank side of the note towards the sun, upon which the image of rhododendron seems to be unclear.

Likewise, the security line in the note is also not clear in counterfeit currency. The paper quality of the original currency is hard and rough whereas the paper quality of the counterfeit currency is thin and smooth.  The police said that they have not been getting enough help regarding the investigation of counterfeit currency.

 

 

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