RBI to lease 12 systems to identify fake demonetised notes

The RBI on Monday floated a tender for leasing 12 currency verification systems to help isolate fake currency from deposited demonetised notes. Currently, the bank is engaged in counting the piles of old Rs 500 and Rs 1,000 denomination notes. A senior official has stated that the central bank suspected that the amount of currency deposited with banks during demonetisation could have been bloated with fake notes.

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