• Tuesday, September 16, 2014

Editorial

Problem of counterfeit notes

Where is the strategy to tackle it?

AS with most persistent problems affecting  public interest, the authorities tend to take these in  their strides having  verbally wrestled with them for a time and then going into a laidback ,nothing-doing strategy. And because  the heart of the problem  is not addressed it keeps  growing with  impunity and renewed vigour.The handling   of  fake currency notes is a glaring case in point.

While appreciating the fact that  on Saturday,a seminar of policy makers, regulators ,bankers and international experts dwelt on the issue at length in the city,we believe a coherent message has been duly derived  from the deliberations.They have  stressed the need for raising public awareness of counterfeit notes as the country  seriously undertake  efforts to prevent forgery.

No one will contest such priorities  but what is important  is to cater  for what such objectives would demand:First,the public ought to internalize what distinguishes a genuine note from a fake one.Even experts admit  that a sophisticated  technology is being used by the clandestine manufacturers.So awareness  campaign  has to be both intensive ,extensive and sustained. Secondly,prevention of forgery should concentrate on striking at the roots, rather  dismantling the cobwebs of manufacture.

In the essence,the focus should be shifted from unsuspecting  presenters  or purveyors  fake currencies on  to the criminal dens of note production.They are the saboteurs of national economy must be meted exemplary punishment.

Published: 12:00 am Monday, August 25, 2014

TAGS: forgery counterfeit notes

Leave your comments | Comment Policy