The developer of Noteworthy software Mr. Ranjit Dahiya said that when he saw the news of counterfeit currency is being pushed in forcibly. He thought to do something to tackle the hitch, the thought has forced him to develop the software.
Mr. Ranjit Dahiya is a graduate from National Institute of Design, Ahmedabad. The software needs to be downloaded on mobile to check whether the currency is counterfeit or not? It will be possible to use the software on any mobile in near future. At present it is possible to use the software in iPhonw only. You can correctly identify Indian currency notes from the denomination of Rs. 10 to Rs. 1000.
News and media reports estimate that, in India, the total amount of fake currency notes in circulation is upto Rs. 1,69,000 Crores!! (Rs. 17 trillion) Smuggled into the country a large number of fake notes are in use today.
Some of us may be aware a few features of the Rs.500 or Rs. 1000 banknote, but the makers of counterfeit money now have access to far better technology, making the notes harder to identify with just a glance.
Banknotes with lower denominations and that are comparatively easier to produce for example Rs.50, Rs.20 and Rs.10 is also being pumped into circulation by the millions.
It is our duty as responsible citizens to be aware of this problem and be able to correctly identify Currency notes.
With a little bit of awareness, we will be able to stop accepting and using fake currency and remove it from the system, and stop this sort of economic terrorism.
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