In order to curb fake currency printing, the government has to come out with a ceiling number beyond which no physical cash dealing should be allowed. In other words, we need to find out an appropriate mothodology which totally takes out the use of physical cash. Example., use of cards, cheques, demand draft need to be in practice so that the entire transactions in the system can be trailed .
Merely passing stringent rules to stop fake currency will not help in any away unless and until we enforce it properly . Instead of trying out a better device to curb fake currency printing, we need to device a new system which rules out the usage of currency ultimately rules out the possibile misuse.
I really do not know answers to many of the questions ........ why do we allow huge cash transaction in jewellary shops? same the case with educational institutions, real estates etc.,
- Naras
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