Hyderabad Turning Hub of Fake Notes

The business of Fake Currency is on a rise in Hyderabad as indicated by several arrests made in the city over the last one month. The business is rampant since the new 500 and 2000 Notes were introduced in November following the Demonetization.

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Making Counterfeit Currency has become easy as the miscreants are mostly using photocopy machines to make them. The culprits are charging anywhere between 30,000 and 45,000 per every one lakh for conversion. A majority of these fake notes are used in petrol bunks or wine shops.

These are fast moving businesses and the owners accept such notes in a hurry. Commoners are getting duped easily as they are not very accustomed to the New notes. Also, the quality of new notes are not that great and so even the counterfeits are looking believable.