Ban On Colour Photocopier Machines Soon To Counter Fake Currency

To counter fake currency by photocopying new notes and using them to buy stuff from the poor, the government may place a ban on colour photocopier machines.

To counter any mischief-making by photocopying new notes and using fake currency to buy things from the poor, the government may place a ban on colour photocopier machines. It will also monitor all the sales of such machines that have occurred since November 8. It feels the poor sellers are often most vulnerable to mischief-makers, since most of these sellers are uneducated and unaware about how to recognize the new notes.

Confusing Rs 2000 notes launched by RBI to counter fake currency.
Confusing Rs 2000 notes launched by RBI to counter fake currency..

While they come to speed in understanding the distinctive features of the new notes to recognize authentic ones, they are susceptible to cheating by people who may be photocopying the new notes and plying them.

The Photocopy Association of India (PAI) has raised protests in various cities against this proposal, as they fear it will hit their sales badly. The government has added it is working to nab such tricksters at the earliest, and the ban will only be temporary till all such tricksters are hauled up. However, the Association members continue to protest vehemently. Share prices of leading photocopier companies fell sharply in the stock markets, as investors sold heavily.

Whether the proposal will go through or not is unclear, but people have welcomed the move as it may clean India of such mischief-makers, who have already caused ample damage which necessitated the demonetization in the first place.

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