Naresh Saraf, an officer at the Birgunj branch of the National Bank, said that counterfeit notes have signs such as the security thread and watermark not being clearly visible, the quality of the paper being poor, and the letters and colors appearing faded.
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Nepal Rastra Bank has expressed serious concern over the rapid increase in counterfeit currency transactions in border districts in recent times. The Birgunj branch of the Nepal Rastra Bank held a press conference in Birgunj on Wednesday and suggested ways to identify counterfeit currency, prevent financial fraud and cybercrime.
At the press conference, Branch Manager Sushil Poudel said that the public should be aware of the fact that fake notes, especially those of the 1,000 denomination, have been found in recent days. He said that the problem of fake notes, which was initially seen in limited numbers, has now become a big problem, and the risk has increased.
Information was also given at the press conference on how to identify fake notes. Branch officer Naresh Sarraf said that fake notes have symptoms such as the security thread and watermark not being clearly visible, the quality of the paper is poor, and the letters and colors are faded.
He also urged the NRB to use fake note detector machines for banks, financial institutions and big traders. Sarraf said that strict action will be taken against those who use fake notes. He also urged that if such notes are found, they should be handed over to the nearest bank or security agency immediately.
