RBI had launched a much needed website called Paisa Bolta Hai – that explains how consumers can detect a fake currency in circulation. According to RBI, total of 4,35,607 fake currencies we detected in 2010-11, mostly in form of Rs. 500 and Rs. 1000 denominations. According to a Livemint report published last year, Four in every thousand currency notes in circulation in India are fake, amounting to as much as Rs. 3,200 crore in 2010.
Given the proliferation of such high number of counterfeit notes, RBI’s new website – Paisaboltahai and information available on it can surely facilitate the detection of fake currency notes among unsuspecting consumers.
This public interest website with a tagline –Pehchano Paise Ki Boli, Kyunki Paisa Bolta Hai – visually presents different check points for detection of Fake currencies. It has details for all the denominations in circulation including 10, 20, 50, 100, 500 and 1,000 rupee notes.
Along with the visual presentation, paisaboltahai also provides consumers with a comprehensive poster which can be printed and kept handy for quick future reference when need arises. To create further awareness, RBI has also launched a Television Commercial in 11 different Indian languages.