KARACHI: The central bank has directed the banks to install machines to detect fake notes by 2017 as it has imported advanced machines capable of examining and sorting fake and different amount of currency notes.
Chief Spokesperson for SBP Abid Qamar said the machines were imported to recognise fake currency notes and all the banks had been directed to buy the same modern technological machines for their use. This should be noted that the Senate Standing Committee on Finance had directed SBP to install latest technology machines to examine currency notes by Jan 2017 in all the banks’ branches.
Qamar said SBP had imported six advanced handy machines, and 10 more were in the pipeline, basically to detect fake money with many other features as well like sorting, examining and counting. The spokesperson refrained from telling the price of the machine and its company considering it non-issue.
