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Saturday, December 17, 2011

Citizens protest against circulation of fake currency notes

ISLAMABAD: Citizens particularly business circles have expressed their concern over circulation of fake currency in the markets saying even the currency notes which are drawn from banks are fake.

“I purchased some commodities from Karachi company. I handed over currency note of Rs 1000 and the shop keeper returned Rs 610 to me. When I went up to other shop to buy some different commodities the shopkeeper refused to take the currency note of Rs 500 declaring it fake. I went back to the first shopkeeper who also refused to own it. This way I had to suffer loss of Rs 500. Had I reported the matter to police man, he would have extorted more money from me, said Zainab Bibi, a lady health worker.
“I drew Rs 25000 from ATM of a bank on one day and on next day I went upto market to purchase cloth. Two currency notes of Rs 1000 each proved fake, said Muhammad Latif, a citizen.
This menace is on rise particularly in rural areas where illiterate and semi educated people can not make distinction between the fake and original note.
Social circles have demanded of government and State Bank of Pakistan to take notice of this forgery and take measures to ensure implementation of relevant laws on this count. Online