The Reserve Bank of India has geared up vigilance along the international border with north eastern region following reports of circulation of fake currency notes in the region.According to Mr B. B Sangma, the banking ombudsman of North-eastern States of RBI, Myanmar has emerged as a new centre for pushing in of counterfeit notes into the North Eastern region.Besides, the Reserve Bank of India is regularly sharing intelligence inputs with the security agencies guarding the border and the RBI has already launched a series of awareness camps in this regard.Four north eastern states – Arunachal Pradesh, Manipur Mizoram and Nagaland share a 1,300-km border with Myanmar. The porous international border is also favouring the people engaged in the fake currency racket to run the business freely. Bank branches located in the bordering areas in the north eastern region have already been provided required feedback to detect the fake notes.
News On AIR | March 1, 2010 5:45 PM
RBI Gears up vigilance along Myanmar Border