Canada Global (Web News) The Senate Standing Committee on Finance has recommended the introduction of plastic currency to discourage counterfeit currency notes.
Senate Standing Committee on Finance held a meeting in which Chairman Committee Salim Mandviwala said that the trend of fake notes is increasing in the market, fake notes of 1000 are the most used in the market. Chairman Committee said that ATM. Fake currency notes are also coming out of the machines, I can show you fake notes of 1000 and 5000.
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On this occasion, Senator Mohsin Aziz said that 5000 currency note should be stopped, it will stop many things. Governor State Bank assured the committee of change in security features of currency notes, Jameel Ahmed said that this will help prevent counterfeit currency notes, there are plans to introduce polymer currency notes in the future.