Fake Indian currency note

Currency Note

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Fake Indian Currency Note (FICN) is a term used by officials and media to refer to counterfeit currency notes circulated in the Indian economy. In 2012, while responding to a question in parliament, the Finance Minister, P. Chidambaram, admitted that there is no confirmed estimate of fake currency in India. However, several central and state agencies are working together, and the Ministry of Home Affairs has constituted the Fake Indian Currency Notes Co-ordination Center (FCORD) to curb this menace.

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NIA raids multiple locations in UP and three other states to bust fake currency racket, seizes fake currency and printing gadgets The NIA conducted raids across four states to bust Fake Indian Currency Notes (FICN) rackets. The raids were part of an investigation into a larger conspiracy involving suspected individuals.. IndiaTimes - Published on December 2, 2023
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