Study Material | Test Series
Drishti IAS
call1800-121-6260 / 011-47532596
Drishti The Vision Foundation
(A unit of VDK Eduventures Pvt. Ltd.)
India-Bangladesh to Fight Fake Currency
Aug 24, 2015

In a bid to take the fight against fake currency further, India and Bangladesh have decided to draft a standard operating procedure. The second meeting of the Joint Task Force on Fake Currency Notes which was recently held in Bangladesh decided that a draft with the latest standard operating procedure to combat the menace would be prepared.

Key Points

  • Over the past couple of months it has been noticed that a bulk of the fake currency is landing in India through Bangladesh. 

  • The operatives have been using the Bangladesh-West Bengal route to flood fake currency into the market. 

  • India felt the need of having a standard operating procedure to tackle the problem. 

  • During the discussions several key areas of concern were discussed. 

  • It was agreed upon that a Standard Operating Procedure (SOP) would be drafted to operationalise the MoU signed between India and Bangladesh, during the visit of Indian Prime Minister to Bangladesh in June, 2015. 

  • India and Bangladesh have agreed that fake currency hurts the economy and hence to combat this menace there ought to be better intelligence sharing. 

  • The standard operating procedure would lay down those guidelines and it is agreed that real time intelligence has to be shared.

  • Off late, it has been noticed that Malda in West Bengal has become a major landing and transit point for fake currency. 


Helpline Number : 87501 87501
To Subscribe Newsletter and Get Updates.