Counterfeit Currency Persists: Gujarat Emerges as Hub for Seizures
The Persistence of Counterfeit Currency Data from India’s Ministry of Finance reveals that counterfeit currency remains a significant economic challenge, with Gujarat accounting for more than 50% of the total value of fake notes seized across the country between 2017 and 2024. Despite the 2016 demonetisation initiative intended to curb black money and illicit cash…