State Bank of Pakistan Takes Decisive Action Against Counterfeit 5000 Rs Notes: Releases Video Guide
In a significant move to combat the escalating issue of counterfeit currency, the State Bank of Pakistan has launched an informative video guide designed to assist the public in distinguishing between genuine and fake 5000 Rupee notes. This proactive initiative follows recent revelations in the Senate Committee on Finance, where Senator Kamal Ali Agha presented counterfeit 5000 Rupee notes during a session, highlighting the urgency of addressing the prevalence of fake currency.
During the committee meeting, Senator Kamal Ali Agha demonstrated the quality of the counterfeit notes to the Deputy Governor of the State Bank, who, to the surprise of many, was unable to differentiate them from authentic currency. This revelation prompted immediate calls from Senator Saleem Mandviwala to address the longstanding issue of counterfeit currency circulating through various banks.
Responding to concerns raised in the Senate Committee, Deputy Governor Dr. Anayat Hussain acknowledged that counterfeit currency is a global challenge, citing instances of fake US dollars in circulation. Dr. Hussain, while admitting the absence of a foolproof system, assured the committee that enhanced regulations and improved oversight on currency transactions would be implement to curb the issue.
Dr. Anayat Hussain expressed confidence in gaining control over the counterfeit currency problem, assuring the committee that additional regulatory measures would put in place. A comprehensive briefing on these regulatory enhancements is expected to be provided to the committee in the near future.
The State Bank’s proactive approach to educate the public through a video guide underscores its commitment to safeguarding the integrity of the currency and protecting citizens from falling victim to counterfeit notes. Stay informed and vigilant to ensure the security of your currency transactions.
