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Statements

Subject Item
dbr:Fake_Indian_currency_note
rdf:type
yago:Currency113385913 yago:MediumOfExchange113372961 yago:SystemOfMeasurement113577171 yago:Standard107260623 yago:Measure100033615 yago:WikicatCurrenciesOfIndia yago:Abstraction100002137
rdfs:label
Fake Indian currency note
rdfs:comment
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.
dct:subject
dbc:Finance_in_India dbc:Banknotes_of_India dbc:Counterfeit_money dbc:Crime_in_India
dbo:wikiPageID
24288384
dbo:wikiPageRevisionID
1082864272
dbo:wikiPageWikiLink
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dbo:abstract
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. On 8 November 2016, Prime Minister of India, Mr. Narendra Modi announced that the hitherto existing 500 and 1000 rupee notes cease to be legal tender. He said that the move is taken to curb black money and widespread counterfeit currency in the country. He introduced new ₹500 and ₹2000 notes, and discontinued the hitherto existing ₹1000 note.
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